We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors - including most individuals and small businesses - are covered by the scheme.
In respect of deposits, an eligible depositor is entitled to claim up to £50,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £50,000 each (making a total of £100,000). The £50,000 limit relates to the combined amount in all the eligible depositor's accounts with the building society, including their share of any joint account, and not to each separate account.
For further information about the scheme (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call 0800 678 1100.
Yorkshire Building Society (YBS) also operates under the trading name of Barnsley Building Society (BBS). Yorkshire Building Society is a participant of the Financial Services Compensation Scheme (FSCS). Therefore, depositors with both the YBS and the BBS have an overall limit of £50,000 under the Scheme.
Until 30 December 2010, depositors who held a savings account with both the YBS and the BBS on 30 December 2008 (being prior to completion of the merger which took place on 31 December 2008) will be entitled to a limit of £50,000 per individual for each of the YBS and BBS brands. The overall maximum limit is therefore £100,000 under the Scheme for depositors falling into this category.
Accord Mortgages Limited is a wholly owned subsidiary of YBS. Accord has offset mortgage products where the investor's deposits are held on behalf of Accord by YBS. Accord offset depositors are therefore covered, along with BBS depositors, by YBS being a participant in the Scheme. There is no additional protection for depositors with Accord Mortgages Limited.
Yorkshire Building Society is one of the largest building societies in the UK. We offer a range of financial products and services including: savings & investment accounts, insurance products, loans, mortgages and more.
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Yorkshire Building Society is authorised and regulated by the Financial Services Authority (FSA).