Yorkshire Building Society will increase the interest rate on its variable rate savings accounts by 0.25% as of Thursday.
The Yorkshire Building Society was the first of only one of a small number of providers to pass on the whole of the recent Bank Rate rise to savers.
Louise Halliwell, Savings Manager at Yorkshire Building Society, said:
“Variable rate accounts are a great choice for someone starting their savings journey because these accounts offer flexibility to access money easily without penalty.
“They are also great for watching your money grow – little and often is the best way to save.
“Getting started can be a bit daunting, that’s why we offer a saving health check in our branches and agencies to give savers guidance on the best account for them.
“It has been a tough few years for savers so we’re delighted to be able to pass on the full Bank Rate increase. We hope by providing this interest rate boost it will encourage more people to start the savings habit.”