YBS to launch new pension based accounts

The new account, branded as Access Saver for Pensioners, will launch on 7th March and offers a gross rate of 3.65% on a minimum balance of £50, along with four withdrawals per month. While there are no barriers on age requirement, a person must pay in the income from either a state or private pension. YBS says the new account comes as a result of a large number of post office closures and the phasing out of passbook accounts. Iain Cornish, chief executive at YBS says: “Our experience is that many people still prefer the security of an office to transact in, and a passbook to keep trac...