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  • Online Saver
    •  

Online Saver account - issue 4

  • Easy access account
  • Manage from home, 24 hours a day
  • Monthly or annual interest options to suit your lifestyle
  • An unlimited number of withdrawals
Available to existing customers only

Online Saver


The product terms should be read with the pdf iconOnline 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 pdf iconGeneral Terms explain the circumstances in which we may change the interest rates, terms and conditions and
pdf iconcharges relating to your account, and how we will tell you about the changes.

Product Terms

Eligibility
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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

Deposits and Withdrawals
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  • The minimum initial deposit is 1.
  • The minimum amount you can withdraw is 1.
  • The maximum amount you can deposit is 1,000,000
  • Your initial deposit will be made from your maturing bond.
  • We do not accept Postal Orders
  • Additional deposits can be made by debit card, transfer from another bank or building society account, or transfer from another account held with the Barnsley. Deposits by account transfer from another Barnsley account will start to earn interest on the day they are credited to your account. To set up a standing order you need to quote the sort code 62-17-19 and a bank account number which comprises the first 8 digits of your Online account number. If you are asked for a reference number please quote the full 10 digits of your Online account number.
  • If you open an Online Saver and then change your mind within 14 days, we will close your account and repay your deposit, plus any interest you have earned.
  • Withdrawals can be made from your account at any time on condition that there are sufficient cleared funds in your account and that you maintain the minimum balance of 1.
  • Withdrawals are only allowed by logging onto our website to transfer to your nominated bank or building society account or a nominated account held with us.
Minimum and maximum balance
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You must maintain a minimum balance of 1 in your account at all times. The maximum balance is 1,000,000.

Interest
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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.

Transferring to other accounts
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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.

Keeping track of your account
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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.

Changing your details
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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 change your mind
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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 0845 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.

Not happy with our service?
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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 pdf icondownloaded from this site, obtained at any of our branches or requested by calling us on 0845 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.

The Barnsley
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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.

Financial Services Compensation Scheme
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Yorkshire Building Society is a participant in the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000.
Find out more >

General Terms & Conditions

Read and download the pdf iconOnline General Terms and Conditions booklet.


Summary Box

Summary Box
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
Withdrawal arrangements Unlimited withdrawals
Access Online

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.

AER
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.

Interest Rate

Interest rate - Issue 4

Effective July 14 2014

 

Annual Interest

Monthly Interest

Current Interest Rates Gross AER Net Gross AER Net
1.05% 1.05% 0.84% 1.04% 1.05% 0.83%

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.

Get in touch

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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.

Get in touch with us:

  • Call us on 0845 1 200 898
    Lines are open from 8am – 8pm, Monday to Friday and 9am - 1pm, Saturday.
  • Find a branch:
    http://www.barnsley-bs.co.uk/about/branches.xml
  • Manage your accounts online:
    http://www.barnsley-bs.co.uk/security/online_help.html

This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.

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.

This site is intended for UK Residents unless otherwise stated. All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security.

* Charges to 0845 numbers may vary. Prices can be checked with your phone provider. Mobile calls usually cost more. Landline calls to 0800 numbers are free. Mobile phone providers may charge.