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1 Year Limited Access Saver Issue 2

An online only account that lets you access your money on one day in an account year

Key features

  • Save from £100 up to £2 million
  • You can't move money from existing YBS Group accounts to open or add to this product
  • Pays a variable** rate of interest
  • Interest will be paid annually
  • Open and manage your account online
  • On the first anniversary of your account opening, your savings will be transferred to the latest issue Limited Access Saver.
  • Unlimited withdrawals on one day per account year based on the anniversary of the account opening date. The account can be closed at any time.


gross† p.a./AER* variable**

Summary Box

Account Name 1 Year Limited Access Saver Issue 2
What is the interest rate?

Current rates - Effective 9 Jan 2020

This product pays a variable** rate of interest of:

Gross† p.a. AER*
1.35% 1.35%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Interest is paid gross i.e. without tax being taken off on all our savings accounts – ISA accounts pay interest tax-free.

* AER stands for the 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.

** Variable rate of interest means that the interest rate payable on your account can change and can move both up and down.


Payment of interest

  • Interest is calculated daily on cleared balances
  • Annual interest is paid on the anniversary of account opening, so if you opened your account on 16 March, interest would be paid on 15 March the following year. It will be paid into the 1 Year Limited Access Saver.
Can Chelsea Building Society change the interest rate?

We can make changes to the interest rate on this account for particular reasons.

General Terms and Conditions (257 KB) 7 and 8 set out those reasons. Term 11 tells you how we will notify you of the changes.

What would be the estimated balance after 12 months based on a £1,000 deposit?

After 12 months your balance would be £1,013.50

We have worked this out assuming a £1,000 deposit is made on account opening, no further deposits or withdrawals are made throughout the 12 months, the interest earned is added to the account and no changes made to the current interest rate.

This is provided for illustrative purposes only and does not take into account your individual circumstances.

How do I open and manage my account?

You have to be at least 16 years old and a UK resident to open the account. The account can be held on your own or jointly with someone else. Only 1 account can be opened per person.

Account opening and management
Accounts can be opened online with a minimum of £100.

The maximum balance is £2 million.

You will be able to check your balance, interest rates, and make and view transactions on your account online whenever you wish.

Account switching
It is not possible to fund from or transfer an existing Yorkshire Building Society Group account to this product.

Can I withdraw money?

The 1 Year Limited Access Saver Issue 2 account allows you to withdraw from your account on one day per account year, based on the anniversary of the account opening date. You may also close your account at any time even if you have used your withdrawal day without loss of interest.

Please be aware if a withdrawal is made from the account by CHAPS a charge of £23.50 will be incurred. Proof of name ID will be required.

For security reasons, online withdrawals are not available for the first 14 days after your account has been opened. After 14 days 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 £100.

On the first anniversary of your account opening your savings will be transferred to the latest Limited Access Saver.

Additional Information

We will advise you of the forthcoming product maturity, 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 Chelsea Building Society, Yorkshire House, Bradford, West Yorkshire, BD5 8LJ.


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How to apply

You can only apply online for the 1 Year Limited Access Saver Issue 2, and there are no paper forms to complete and sign.


Complete our simple, straightforward online application form


If you feel you need additional support before applying for this account, please call us.

0345 744 6622*