Your eligible deposits with Yorkshire Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.

This limit is applied to the total of any deposits you have with the following: Yorkshire Building Society, Chelsea Building Society, Norwich & Peterborough Building Society and Egg. Offset deposits through our subsidiary Accord Mortgages Limited are held by Yorkshire Building Society on behalf of Accord. Any total deposits you hold above the £85,000 limit between these brands are unlikely to be covered.

protecting your money - fscs

How does it work?

YBS is a participant of the FSCS. The FSCS can pay compensation to depositors if a building society is not able to meet its financial obligations.

Eligible deposits are protected up to a total of £85,000. 

This limit is the total that you are protected across all of our brands. The brands include:

  • Yorkshire Building Society (YBS)
  • Chelsea (CBS)
  • Accord
  • Egg
  • Norwich & Peterborough (N&P)

For example, if you had:

  • £50,000 in a YBS savings account
  • £50,000 in a CBS savings account
  • Total: £100,000
  • £15,000 of your eligible deposits may not be protected by the FCSC scheme

The limit is per person. So, for a joint account held by two eligible depositors, the maximum amount that could be claimed is £170,000 (which is £85,000 each). This limit is across all of our brands.

To learn more, read the FSCS information sheet. Or call us on  0345 744 6622*, ask at a YBS branch or agency or visit the FSCS website.