Yorkshire Building Society launches two new savings accounts

Martin Lewis gives advice on rising interest rates

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Yorkshire Building Society has today launched two new limited access savings accounts with the aim to help people “build financial resilience and reach their savings goals”. The Rainy Day account will pay a tiered variable interest rate of up to 2.5 percent. Along with the Rainy Day account, it has today also launched its latest member reward offering, the Loyalty Six Access Saver.

This will pay a variable interest rate of 2.5 percent. 

The Rainy Day account will pay the variable blended interest rate starting at 2.5 percent on balances up to £5,000. 

For balances over £5,000 it will pay a rate of two percent.

Yorkshire Building Society will allow customers to deposit between £1 and £2million.

The building society will also allow savers access to the money on two days of the year without facing a penalty, plus closure of the account if required.

More to follow…

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