
The mutual’s Christmas Regular Saver is priced at a 5% AER variable, which is above the current Bank of England base rate of 4.75%.
Savers can add up between £1 and £150 a month but access to the funds is restricted to just once a year without penalty or when the account is closed.
It matures on 31 October, designed to give you time to afford presents, food and other festive treats in time for Christmas. The maximum you can add to your overall pot is £1,500 and the deal comes as a report suggest that one in five Brits overspent during the festive period.
The money accrued with the new account would cover the cost of Christmas twice over for the majority of customers, according to Yorkshire Building Society’s research.
Over half (51%) planned to spend up to £1,000 to cover Christmas, while the average spent on the festive period was £774, the mutual’s research found.

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Meanwhile, almost a fifth (18%) of respondents said they would rely on borrowing to pay for the expensive time of year and a third said it would take over 12 months to pay the amount borrowed.
As it stands, the easy access accounts on the market that come close to the 5% rate are the Chip Easy Access Saver from Chip at 4.85%, according to Moneyfacts data.
The next best is from Sidekick Money, with a 4.75% rate on its Sidekick High Yield Cash Reserve 4.
There is also a 4.62% rate available on the Flagstone – Easy Access Account from The Bank of London.
The Yorkshire Building Society savings account offer also beats its fixed bond competitors, with Hampshire Trust Bank offering the best rate of 4.77% on its 6 month Online Fixed Saver (Issue 15) – although that is fixed for just six months.
Last year, the mutual offered 6% AER variable for its 2024 Christmas Regular Saver.
‘Spread the cost of Christmas’
Harry Walker, senior savings manager at Yorkshire Building Society, said: “Our new Christmas Regular Saver encourages people to save money and help to spread the cost of Christmas. For those new to saving, using the regular saver will give shoppers a healthy sum to draw on for Christmas 2025 without having to rely on credit. For some people, it may also show that saving regularly can be achievable and if the habit is maintained after Christmas, a healthy savings pot can be built.
“With our recent data showing such large amounts are held in accounts paying 1% or less, the start of a new year provides the perfect opportunity to take a close look at your finances and how you could make small changes which add up to much bigger returns.
“It doesn’t matter how you choose to go about it, making just one positive change to your finances, could make a big difference in the long-term.”
Walker added: “The Christmas Regular saver has proved popular in the past years with last year’s account supporting over 20,000 savers to put away an average balance of £1,070 towards the cost of their 2024 Christmas spending. We’re really proud to offer this popular account again this year, which encourages saving little and often, and also offers a competitive return.”