Set It Once, Save Every Month – Effortless Saving Support Launched by Yorkshire Building Society

Yorkshire Building Society has today (Wednesday 22 October) made saving easier than ever with the launch of Monthly Auto-Saver, a new feature available to customers using the Yorkshire Building Society mobile app. Designed to help people build better financial habits with minimal effort, helping to automate regular savings.

Powered by Variable Recurring Payments (VRP) through Open Banking- a service which lets you safely share your bank data with trusted apps- the feature allows customers to automate moving money from their everyday bank account directly into their savings account with the mutual—all within the app – removing the need for manual transfers, standing orders or monthly reminders.

Unlike traditional direct debits or standing orders, Monthly Auto-Saver allows a greater degree of flexibility allowing customers to simply choose how much they want to save and on which day of the month, and the app takes care of the rest. Whether it’s £1 or £1 million, savings can be scheduled on any day between the 1st and 28th of the month.

Yorkshire Building Society has partnered with PayIt by NatWest to develop and implement Monthly Auto-Saver, building on a trusted relationship that already supports billions in customer payments.

Recent research from the University of Bristol’s Personal Finance Research Centre, sponsored by Yorkshire Building Society, found the benefits of regular saving go beyond finances. The study found that regular savers are 66% more likely to report high life satisfaction, regardless of income or the amount saved.

To qualify, customers must have a Yorkshire Building Society Easy Access account and a bank account with one of 11 supported providers, including Barclays, NatWest, HSBC, Monzo, and others.

Tina Hughes, director of digital & marketing at Yorkshire Building Society said: “We know that building a savings habit can be tough, especially when life gets busy and priorities shift. That’s why we’ve created Monthly Auto-Saver—to make saving simple, secure, and automatic. It’s designed to fit seamlessly into our customers lives, giving them one less thing to think about each month.

“Whether you’re saving for something special or just want to build a financial cushion, this feature helps you stay on track without the hassle. We’re proud to be one of the first to bring this kind of smart, flexible saving to the market, and we’re excited to see how it helps our customers take control of their financial future.”