Is it safe? / Yorkshire Building Society
Is Yorkshire Building Society safe?
Yes — Yorkshire Building Society is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Yorkshire Building Society banking licence (Yorkshire Building Society (mutual)). Important: that limit is shared with YBS, Chelsea Building Society, Norwich & Peterborough Building Society — money across these brands counts as one pot.
Protection
FSCS to £120,000
Licence holder
Yorkshire Building Society
Parent company
Yorkshire Building Society (mutual)
The shared-limit catch
Yorkshire Building Society shares its banking licence with YBS, Chelsea Building Society, Norwich & Peterborough Building Society. If you hold savings with more than one of these, the £120,000 FSCS limit applies to the combined total — not per brand. Spreading large balances across different licences keeps every pound protected. Check your spread →
The fine print (verified July 2026)
One limit shared across YBS, Chelsea and Norwich & Peterborough.
Yorkshire Building Society's current savings rates
- Triple Access eSaver4.2% AER
From the daily rates scrape. Compare every provider →
Worth knowing
FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.