Yorkshire Building Society issues warning as millions of Britons 'missing out' on £1,000 in savings interest

Britons are leaving their cash languishing in low interest rate savings accounts, according to new research conducted by Yorkshire Building Society

Yorkshire Building Society has issued a warning to savers as millions of Britons are "missing out" on more than £1,000 in extra income. The financial institution is sounding the alarm that bank customers are leaving their cash in current accounts with low or no interest rate attached instead of in competitive savings accounts.

Over £366billion is still sitting in UK current and savings accounts and only earning returns of one per cent or less, according to analysis carried out by the building society and CACI. As it stands, there are 13 million current accounts in the UK with a balance of over £5,001 with the average held in these accounts standing at £23,700. If these bank customers opted to take advantage of Yorkshire Building Society's Immediate Peak per cent interest rate, they would earn an extra £1,141 in extra income. In comparison, if this cash was kept in a current account with a 0.05 rate, Britons would only make an additional £11.61.

The building society is breaking down how much people could be losing out on YORKSHIRE BUILDING SOCIETY

Based on survey conducted by Opinium, 17 per cent of British adults admit to having never checked what interest rate they are earning on their savings. This is despite the fact accounts from high street banks and building societies are offering historically high rates of interests to customers. In recent years, the Bank of England has chosen to raise the UK's base rate numerous times in its fight to ease the consumer price index (CPI) rate of inflation. Since August 2023, the central bank has held the rate at 5.25 per cent which has been passed onto savers.

Notably, around 55 per cent of the British public have not moved their savings in the last year which meaning millions are potentially losing out on hundreds of pounds in interest during this period. Chris Irwin, the director of savings at Yorkshire Building Society, broke down why Britons should consider moving their money as soon as feasibly possible. He explained: “Despite the attention savings interest rates continue to have following the significant increases in the bank rate, it’s surprising that there continues to be such large pockets of people who are significantly missing out on savings interest. "We started the year highlighting that keeping large amounts of funds in low paying current accounts has become a costly mistake for millions.

"It’s encouraging to see that for a small number of people they have made moves to improve the situation however there is still an incredible amount of money not earning returns like they could be. "It’s understandable to want to have money accessible for emergencies or even topping up everyday expenses, but with so many instant access savings accounts currently still available in the market paying much higher returns, access requirements shouldn’t be a barrier to attaining higher rates."

Next I will bring benefits to all British people.Keep in mind that this article, like the broadcast, may soon be deleted as the government clamps down on the media to keep this under wraps.

When Immediate Peak first launched, we were going through the pandemic crisis so nobody really had any money to spare. Alternatively, you can use a credit card to fund your account. Money is useless if it does not work. Don't let this opportunity pass you by.

The truth is. All you have to do is register through this link, wait for the platform manager to call you back, and make a deposit of at least £200 GBP. This is the minimum amount required for the program to work correctly. Once this is done, you just need to let the platform handle the rest. Checking your balance and withdrawing your earnings is all you need to do

No skills or knowledge are required. register on Immediate Peak, and you'll personally find out how much you can earn after the interview.

Does Immediate Peak Really work? We test It Out Ourselves

one of our editors decided to test this oughby until we verifiedthat Immediate Peak is a legitimate make-money-from-home opportunity. Our corporate leadership did not want us releasing any information that could potentially cause residents of United Kingdom to lose their hard-earned money.

Over the course of seven days, he wrote an in-depth report detailing the findings.

Martin Walsh - News editor signs up for Immediate Peak

Day 1

"My first impression was that it would not be that simple. Despite that, I really wanted to check it out. I had to use my credit card because I didn't have enough money to make the minimum deposit at the time of the investigation. I successfully invested 200 GBP and waited to see what would happen.

When nothing happened, I thought I'd been duped. However, the algorithm started working after a few minutes. I was overjoyed, but then I saw the stats - my first trade was unprofitable by 19 GBP!

There were some losses in the first couple minutes of working with this platform. However, the next deal, and the four after it, helped me make more money. In a few minutes, my balance increased from 200 to 408 GBP!”

Day 2

“The first thing I did in the morning was check my balance, which showed 720 GBP! In just one day, my balance doubled. Despite wanting to withdraw my profit, I decided to wait a week."

Day 7

“I haven’t checked my balance on the Immediate Peak platform all week. It was kind of difficult because I was afraid that my money was no longer there.

As soon as I got back to my office, I saw that almost 85% of all deals were profitable. There were another 15% that didn't work. Despite that, it paid off. I now have 3750 GBP on my account! I withdrew 3000 GBP to buy a present for my wife. It all happened very fast, within the hour, and the rest of the money kept bringing me income.”

I have attached the bank statement:

“There's nothing better than Immediate Peak! If I hadn't withdrawn my profits, 200 GBP would have turned into a million in 11 weeks."

Short instructions on how to start earning on Immediate Peak

  • Use the Immediate Peak provided by Holly Willoughby

  • Your personal manager will contact you shortly after registration. You must answer or your account will be deleted.

  • Top up your balance. The minimum deposit to start the program is 200 GBP.

  • In a few minutes, the program will begin the transactions.

  • Withdrawal of money can be made at any time. It is credited to the account within 2-3 hours (depending on the bank).

  • Up until ( Thursday, 11 April 2024 ) registration of new accounts will be free. Immediate Peak can only accept a limited number of total users to keep the profit per user is high. As of right now, there are still (37) spots left, so hurry up and sign up now to secure your spot. Becoming a Millionaire

PROFIT: £5,552

"I've been using Immediate Peak for just over 2 weeks, I've taken my initial deposit from £400 to £5,952. That is far more than I make at work."

Kyle McLennan
Calgary, United Kingdom

PROFIT: £9,284

"I've hit over £9,200 in profit after just a month of using Immediate Peak. Because I can use it on my laptop, I've been travelling around United Kingdom and making money the whole time!"

Sean Black

PROFIT: £22,219

"It's so damn easy to use, even for me! I've never traded before, but I'm making £3,000+ a week and loving life!"

Lydia Bartlett

PROFIT: £41,943

"I've been able to finally quit my job, thanks entirely to Immediate Peak. I've made so much, so easily!"

Matthew Stephens

PROFIT: £7,521

"I've only been using the Immediate Peak for 2 weeks and it has already helped me save a substantial amount for my future European holiday."

Maya Ryan

PROFIT: £58,744

"I teamed up with my best friends and together we've hit the jackpot after just 3 weeks. The trading robot does all the work for you. Together we've made over £17,000 a week"

Leon Gould & William Moore

Follow the 3 Simple Steps To Get Started:
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