Savings Interest Rates, Switch Offers and Guides for Beverley Building Society

Who they are

Beverley Building Society is a British building society based in the East Riding of Yorkshire town of Beverley, founded in 1866. It is a member of the Building Societies Association and the only independent building society in the East Riding of Yorkshire. Today it has over 13,700 members and around 35 employees - a genuinely small, community-minded mutual that has served local savers for well over 150 years. Its only branch is on Saturday Market in Beverley , so if you are used to managing everything digitally, it is worth bearing in mind that this is very much a traditional, in-person society. That said, savers from across the UK can apply, not just those in East Yorkshire.

All savings accounts are protected up to £120,000 by the FSCS - a higher threshold than the standard £85,000 that applies to banks, because building societies have their own separate licence.

Savings accounts

Beverley offers a decent spread of account types. The headline rate sits on the Regular Saver at 5.5% variable, though this includes a 4.50% bonus component and requires a monthly deposit of between £10 and £500 - so it suits disciplined, regular savers rather than those parking a lump sum.

For tax-free saving, the Regular Saver Cash ISA pays 4.50% variable (made up of a 2.40% base rate plus a 2.10% boost), with a minimum balance of just £20. The standard Cash ISA pays 2.40% variable with no minimum beyond £1, while the Junior Cash ISA pays 3.85% variable - locked until the child turns 18, and one of the strongest rates available for that account type right now.

If you have a lump sum to tuck away, the Fixed Rate Bond pays 4.5% with no access until maturity, though you will need at least £5,000 to open it. Notice accounts range from 30 days (2.35%, £1,000 minimum) up to 90 days (3.6%, £5,000 minimum) - useful if you want a bit more than easy access rates without committing fully. The Instant Access Account pays 1.6%, which is modest, so it is mainly useful as a home for funds you need to reach at any moment.

There are also options for younger savers: the Young Savers Account pays 3% variable with instant access and opens from £1.

Is it right for you?

There are no current account switch offers here. Beverley is purely a savings and mortgage specialist - if you are looking for a full banking relationship, you will need to look elsewhere.

Where Beverley stands out is its Regular Saver rate and its Junior Cash ISA - both competitive at the top end of the market. The trade-off is that most accounts cannot be opened online; you are likely dealing with branch or postal applications, and the product range is narrow compared with larger providers. For savers who value personal service, are happy to engage by post or in person, and want a properly mutual home for their money, it is a solid choice.

As always, rates on variable accounts can change, so check the live figures shown on this page before you decide to apply.