Beverley Building Society

Who they are

Beverley Building Society is a mutual 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. As a mutual, it is owned by its members rather than shareholders, which means its focus stays on delivering value to savers and borrowers rather than external investors.

Its only branch is on Saturday Market in Beverley. That tells you something about its character - this is a small, community-rooted society, not a national chain. Accounts are managed via post and branch , so if you prefer clicking around an app at midnight, Beverley probably is not the right fit. But if you are comfortable with a more traditional way of saving, it can reward that patience with competitive rates.

Beverley is authorised by the FCA (firm reference 206064) and your eligible deposits are protected up to £120,000 per person by the FSCS. It does not share its banking licence with any other brand, so that full £120,000 limit applies solely to Beverley.

Savings accounts

Beverley's range is broader than you might expect from a society its size. Here is a quick tour of what is on offer, using the rates currently shown on this page.

The standout for ISA savers is the Regular Saver Cash ISA at 4.50% AER variable, which includes a 2.10% bonus on top of a 2.40% base rate - worth bearing in mind, as the rate will step down once any bonus period ends. It starts from just £20. The plain Cash ISA pays 2.40% AER variable with instant access and a £1 minimum, which suits those who want straightforward tax-free access without a bonus to track.

For fixed-rate certainty, the One Year Fixed Rate Bond also pays 4.50% AER with no access until maturity and a £5,000 minimum. The two-year Fixed Rate Bond (Issue 16) pays 4.35% AER on the same terms - a small trade-off for the extra year of certainty.

Notice accounts give you a middle ground. The 90 Day Notice Account pays 3.60% AER, the 60 and 30 Day accounts both pay 3.10% AER, and the 45 Day account pays 2.85% AER. Most require a £5,000 minimum, though the 30 Day account starts from £1,000.

For regular savers, the Monthly Savings Account pays 3.20% AER variable (including a 0.50% bonus on top of a 2.70% base), allows one withdrawal per year, and starts from £10 per month.

Families are well catered for too. The Junior Cash ISA pays 3.85% AER variable, locked until the child turns 18, from just £1. The Young Savers Account pays 3.00% AER variable with instant access, also from £1 - a decent home for a child's pocket money or gifts.

The Instant Access Account pays 1.60% AER variable and is the most flexible option for general easy-access saving, though the rate reflects that flexibility.

All accounts carry FSCS deposit protection up to £120,000 per person.

Is it right for you?

Beverley suits savers who want to go beyond the high street without venturing into the world of app-only banks and who are comfortable managing their money by post or in-branch. The fixed-rate bonds and notice accounts offer genuinely competitive rates, and the Junior Cash ISA sits at the top of the market for children's savings.

The main things to weigh up: there is no online account management, no current account, and no switching offer. If you want to top up by bank transfer or move money around at the touch of a button, you will need to look elsewhere. But for a straightforward savings pot - particularly an ISA or fixed bond where you are not dipping in regularly - the inconvenience is minimal and the rates can make it worthwhile.

As always, the rates shown on this page are live and updated regularly, so check them before you apply - what you see here is your most reliable guide to what Beverley is currently paying.