RSS Feed

Related Articles

Related Categories

Spread the cost and start saving for Christmas 2013

5th December 2012 Print

The 2012 festive countdown is well underway but Yorkshire Building Society is already looking forward to Christmas 2013.

The Society has launched its new Christmas Regular Saver, offering a 2.75% return for savers who make regular deposits during the year.

The limited issue account is available from all Yorkshire branches and agencies - as well as branches of Chelsea Building Society and Barnsley Building Society - and matures on 1 December 2013, giving savers access to their cash in time for next year's Christmas festivities.

"We made the decision to introduce a special Christmas savings product in 2009 because we saw a clear need to offer savers way to put away cash for what is often their biggest expenditure in the year," said Yorkshire Building Society product manager Lynne Pepper.

"Many people spread the cost of Christmas over the year on their credit card but that approach can be pricey - borrowing £960 on a card charging 16.9% APR could cost £83.64, whereas Christmas Regular Saver will top up your own cash with interest, as well as offering peace of mind.

"In line with our mutual values, we want to encourage regular saving, as even a small amount put aside each week or month can make a huge difference in reducing the financial pressure around Christmas."

At least nine monthly payments into Christmas Regular Saver are required to receive the total interest rate of 2.75% and monthly deposits of between £10 and £80 are permitted. The maximum balance permitted is £960.

Savers with Yorkshire Building Society also can give back to their communities by supporting the Society's innovative Small Change Big Difference scheme, where members donate just the pennies from the interest they receive on their Yorkshire accounts to make a big pot of money.

At present, 860,000 members have signed up to Small Change Big Difference and their donations fund Yorkshire Building Society Charitable Foundation, which awards money to charities nominated by members.

For more information, visit