The product terms should be read with the General Terms and Conditions booklet (General Terms). Together the product terms and the general terms explain how your account works. It is important that you read all the terms before you decide whether to open an account. Terms 10, 11 & 14 of the General Terms and Conditions explain the circumstances in which we may change the interest rates, terms and conditions and
charges relating to your account, and how we will tell you about the changes.
To open an Online Saver you must be aged 16 or over and must be a UK resident. An account can be held in your sole name, or jointly with one other eligible individual.
The Online Saver issue 4, is only available to maturing bond customers
You must maintain a minimum balance of £1 in your account at all times. The maximum balance is £1,000,000.
The rate of interest for the Online Saver is variable. Interest can be added to your account annually on the 31st March or it can be paid monthly on the last day of the month, but must be paid into another Barnsley Building Society account or an external account held with another bank or building society.
You may nominate twelve external accounts for withdrawals to be transferred to and you will also be able to choose up to three other Barnsley accounts to receive transfers from your Online Saver account.
You will be able to check your balance and interest rate and view statements showing transactions on your account whenever you wish. Whenever we change the rate of interest applying to Online Saver, we will inform you by e-mail within 30 days of the change. It is important that you let us know if your e-mail address changes.
As we will advise you of changes to Online Saver interest rate and terms, and generally communicate with you, via email, it is very important that you notify us if your email address changes.
You can change your contact details (postal address, email and telephone) when you are logged in. To change your name you will need to write, enclosing proof of the change, to Barnsley Internet Savings, PO Box 216, Bradford, BD5 5BE.
If you open an Online Saver account and subsequently change your mind within 14 days, we will either transfer your savings to another account with us (subject to the completion of the appropriate application form) or repay them to you with interest earned up to but not including, the day of closure. Contact us for more details.
Call us on 0345 1200 898 for more details about closing your account. Alternatively, you can write to Savings Service, Barnsley Building Society, Yorkshire House, Yorkshire Drive, Bradford, BD5 8LJ or login and close your account online.
If at any time you're not satisfied with the service you've received, please let us know. We have a simple process enabling you to do this, the details of which are in our leaflet "Our Top Priority Is You", which can be downloaded from this site, obtained at any of our branches or requested by calling us on 0345 1200 898.
If we cannot come to a resolution to your satisfaction, you may have the right to refer the matter to the Financial Ombudsman Service, of which we are a member.
If you open an account it will be with Yorkshire Building Society (trading as Barnsley Building Society). Barnsley Building Society is operated under its own brand with its own products and as a trading name of Yorkshire Building Society.
Barnsley Building Society will communicate with you in English.
Yorkshire Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
Find out more >
Read and download the General Terms and Conditions booklet.
Key Product Information for our Savings Account
|Account Name||Online Saver - Issue 4|
|Interest rates (AERs)||Variable rate paid annually or monthly. See interest rate|
|Tax Status||Gross or net|
|Conditions for bonus payment||N/A|
|Withdrawal arrangements||Unlimited withdrawals|
Whether you can benefit from gross, net or tax free interest is dependent on your personal circumstances and tax status and so may be subject to change in the future.
Gross rate p.a.
Interest rate payable before any income tax is deducted. It can only be paid subject to the required registration.
Net: Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
Annual Equivalent Rate shows what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Effective July 14 2014
|Current Interest Rates||Gross||AER||Net||Gross||AER||Net|
AER stands for Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.
Net Interest on investments and savings amounts is payable net of income tax, which means after the deduction of income tax at the lower rate of 20%, or subject to the required registration gross.
Barnsley Building Society and the Barnsley are trading names of Yorkshire Building Society. Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Yorkshire Building Society is entered in the Financial Services Register and its registration number is 106085. Principal Office: Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ
References to 'YBS Group' or 'Yorkshire Group' refer to Yorkshire Building Society, the trading names under which it operates (Barnsley Building Society, the Barnsley, Chelsea Building Society, the Chelsea, Norwich & Peterborough Building Society, N&P and Egg) and its subsidiary companies.
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