diff --git a/guake/data/org.guake.gschema.xml b/guake/data/org.guake.gschema.xml
index f6656fd93..15e6a2936 100644
--- a/guake/data/org.guake.gschema.xml
+++ b/guake/data/org.guake.gschema.xml
@@ -46,6 +46,11 @@
 		    <summary>Automatically save tabs session when changed</summary>
 		    <description>If true, when tabs has changed (add / delete ...etc.), it will automatically saved the tabs session</description>
 		</key>
+		<key name="load-guake-yml" type="b">
+		    <default>true</default>
+		    <summary>Load settings from guake.yml</summary>
+		    <description>If true, when a change in the cwd is detected settings are changed based on the content of the file `cwd`/.guake.yml</description>
+		</key>
         <key name="use-login-shell" type="b">
             <default>false</default>
             <summary>Login shell</summary>
diff --git a/guake/data/prefs.glade b/guake/data/prefs.glade
index 2a34ee67d..952725106 100644
--- a/guake/data/prefs.glade
+++ b/guake/data/prefs.glade
@@ -271,7 +271,18 @@
                                           </packing>
                                         </child>
                                         <child>
-                                          <placeholder/>
+                                          <object class="GtkCheckButton" id="load-guake-yml">
+                                            <property name="label" translatable="yes">Load settings from `cwd`/.guake.yml</property>
+                                            <property name="visible">True</property>
+                                            <property name="can-focus">True</property>
+                                            <property name="receives-default">False</property>
+                                            <property name="draw-indicator">True</property>
+                                            <signal name="toggled" handler="on_load_guake_yml_toggled" swapped="no"/>
+                                          </object>
+                                          <packing>
+                                            <property name="left-attach">0</property>
+                                            <property name="top-attach">3</property>
+                                          </packing>
                                         </child>
                                         <child>
                                           <placeholder/>
diff --git a/guake/guake_app.py b/guake/guake_app.py
index c9012d736..893b54d7b 100644
--- a/guake/guake_app.py
+++ b/guake/guake_app.py
@@ -257,6 +257,10 @@ def window_event(*args):
         Keybinder.init()
         self.hotkeys = Keybinder
         Keybindings(self)
+
+        # Hold a copy of guake_yaml
+        self._guake_yml = {}
+        self._guake_yml_load_monotonic = {}
         self.load_config()
 
         if self.settings.general.get_boolean("start-fullscreen"):
@@ -1105,18 +1109,32 @@ def recompute_tabs_titles(self):
 
     def load_cwd_guake_yaml(self, vte) -> dict:
         # Read the content of .guake.yml in cwd
+        if not self.settings.general.get_boolean("load-guake-yml"):
+            return {}
+
         cwd = Path(vte.get_current_directory())
-        guake_yaml = cwd.joinpath(".guake.yml")
+        guake_yml = cwd.joinpath(".guake.yml")
         content = {}
-        try:
-            if guake_yaml.is_file():
-                with guake_yaml.open(encoding="utf-8") as fd:
-                    content = yaml.safe_load(fd)
-        except PermissionError:
-            log.debug("PermissionError on accessing .guake.yml")
+
+        reload_guake_yml = True
+        if guake_yml in self._guake_yml_load_monotonic:
+            if pytime.monotonic() < self._guake_yml_load_monotonic[guake_yml] + 1.0:
+                reload_guake_yml = False
+
+        if not reload_guake_yml:
+            content = self._guake_yml.get(guake_yml, {})
+        else:
+            try:
+                if guake_yml.is_file():
+                    with guake_yml.open(encoding="utf-8") as fd:
+                        content = yaml.safe_load(fd)
+                        self._guake_yml[guake_yml] = content
+                        self._guake_yml_load_monotonic[guake_yml] = pytime.monotonic()
+            except PermissionError:
+                log.debug("PermissionError on accessing .guake.yml")
 
         if not isinstance(content, dict):
-            conent = {}
+            content = {}
         return content
 
     def compute_tab_title(self, vte):
diff --git a/guake/prefs.py b/guake/prefs.py
index f407395a5..c7515cbfd 100644
--- a/guake/prefs.py
+++ b/guake/prefs.py
@@ -251,6 +251,10 @@ def on_save_tabs_when_changed_toggled(self, chk):
         """Changes the activity of save-tabs-when-changed in dconf"""
         self.settings.general.set_boolean("save-tabs-when-changed", chk.get_active())
 
+    def on_load_guake_yml_toggled(self, chk):
+        """Changes the activity of load-guake-yml"""
+        self.settings.general.set_boolean("load-guake-yml", chk.get_active())
+
     def on_default_shell_changed(self, combo):
         """Changes the activity of default_shell in dconf"""
         citer = combo.get_active_iter()
@@ -1012,6 +1016,10 @@ def load_configs(self):
         value = self.settings.general.get_boolean("save-tabs-when-changed")
         self.get_widget("save-tabs-when-changed").set_active(value)
 
+        # save tabs when changed
+        value = self.settings.general.get_boolean("load-guake-yml")
+        self.get_widget("load-guake-yml").set_active(value)
+
         # login shell
         value = self.settings.general.get_boolean("use-login-shell")
         self.get_widget("use_login_shell").set_active(value)