What are the current Yorkshire Building Society Cash ISA rates?

Remember, if you have a current or savings account with a big high-street bank or building society, opening a Cash ISA with them might seem like the easiest option, but this could see you missing out on more competitive interest rates and even better customer service. To maximise your interest and reach your savings goals faster, compare a few providers before making a decision. 

Wondering where to start? Take a look at our guide to the Best Cash ISAs in the UK.

What are the current Yorkshire Building Society ISA rates?

Yorkshire Building Society currently offers two Cash ISA saving products; an easy access Cash ISA and a fixed-rate Cash ISA. Their rates range from 4.30% (variable) AER with their easy access Cash ISA, to 4.00% (fixed) AER with their Fixed Rate eISA where you’ll lock your money away until 31st October 2025.

1. Easy Access ISA Issue 2: 4.30% (variable) AER/tax-free. You can open the account with as little as £1 and make as many withdrawals as you like, but the account must be opened online. Interest is calculated daily, but paid annually on the 31st March. 
2. Fixed Rate Cash eISA until 31st October 2025: 4.00% (fixed) AER/tax-free. You’ll need at least £100 to open the account, and you won’t be able to withdraw your money before the end of the fixed term unless you close your account and pay a penalty worth 90 days’ loss of interest. Interest is calculated daily, but paid annually on the 31st October 2025. To get started, you’ll need to open an account online.

Source: https://www.ybs.co.uk/savings/cash-isas. Current Yorkshire Building Society rates are accurate as of October 2024.

What is Yorkshire’s best ISA rate?

Yorkshire Building Society’s current best Cash ISA rate is 4.30% (variable) AER. To get this rate, you’ll need an Easy Access ISA Issue 2. You can open this account with as little as £1 and make as many withdrawals as you like. 

Although the Easy Access ISA Issue 2 is more flexible than Yorkshire Building Society’s other Cash ISAs, you may find Cash ISAs with just as much flexibility and an even better interest rate elsewhere. Take a look at our Best Cash ISA guide for a round-up of the most competitive accounts.

Is Yorkshire a good ISA provider?

Yorkshire Building Society offers a choice of two Cash ISAs with interest rates ranging from 4.00% on its Fixed Rate Cash eISA ending October 2025 to 4.30% on its Easy Access Cash ISA. While these rates are competitive, you can find even better rates and customer service by comparing ISAs across multiple providers online. 

Can I have two ISAs with Yorkshire Building Society?

You can only open and pay into one Cash ISA with Yorkshire Building Society each tax year, but you could have a second Cash ISA with a different provider. It’s up to you whether you have multiple Cash ISAs at the same time or keep things simple by transferring your existing ISA to a new provider.

If you’re saving for your first home, a Lifetime ISA (LISA) could be even more rewarding than a Cash ISA. You can save up to £4,000 of your ISA allowance in a LISA each tax year and the government will boost your contributions by 25%. This means you’ll get a £1,000 bonus every year you max out your LISA. 

You can use the money held in your LISA for your first home or retirement. If you make a withdrawal before age 60 for something other than your first home (it must be worth £450,000 or less), you’ll pay a 25% penalty on the amount you withdraw. This could leave you with less than you put in. 

Will Yorkshire Building Society increase ISA rates?

Yorkshire Building Society may increase its ISA rates, but there’s also a possibility that it could lower them. Banks and building societies tend to set their interest rates based on the Bank of England’s base rate, which can rise and fall in response to changes in the economy. 

If you already have onae Yorkshire Building Society Fixed Rate Cash ISA, you’ll be protected from interest rate fluctuations until the end of your fixed period. Even if Yorkshire Building Society changes the rates available to new customers or Easy Access savers, your rate will stay the same.

Learn more: Cash ISA or Lifetime ISA. Which one should I pick?

How to find the best Cash ISA Rates

Opening a Cash ISA with the same bank you have a current account with may seem like the most sensible option. In fact, 52% of people with a Cash ISA use the same provider for their tax-free savings as they do for their current account. But you could be missing out on a better interest rate elsewhere from other providers. Compare different ISA providers, including smaller banks which might not be on the high street, to decide on the right account for you.

With hundreds of Cash ISAs to choose from across dozens of providers, finding the right Cash ISA account for you can feel overwhelming. That’s why we’ve created our guide to the best Cash ISAs in the UK. 

If you’re saving for short-term goals or there’s a chance you’ll need your money in an emergency, you’ll also want an ISA that gives you easy access to your money without any penalties or loss of interest. Some Cash ISA providers require 30, 60 or even 120 days’ notice to make a withdrawal, so make sure you know the rules before making a decision. 

How to transfer my Yorkshire Building Society ISA to another provider

You can transfer your Yorkshire Building Society ISA to another provider. All you need to do is open a new ISA with your chosen provider and ask them to complete the transfer for you. Trying to complete the switch yourself can have an impact on your savings’ tax-free status and this year’s ISA allowance, so it’s best to get your new provider to complete the transfer for you.

For example, if you’ve saved £30,000 in a Cash ISA over a number of years and you’d like to transfer your savings to a new provider, doing the transfer yourself could use up your full £20,000 ISA allowance for this year. You’d then need to wait until the following tax year to move the remaining £10,000 into your Cash ISA. Until then, you’d need to keep the money in a traditional savings account, where your interest would be taxed and you may get a lower interest rate.

By trusting your provider to complete the switch for you, you can protect your savings’ tax-free status and preserve any remaining ISA allowance for this year.