This is for illustration purposes only. The actual amount you can borrow will vary depending upon your personal circumstances.
For a more accurate estimate, which takes into account affordability, deposit and other details, use our full borrowing calculator.
This estimate assumes that interest rate will remain the same throughout the term of the mortgage, and mortgage type is repayment (rather than interest-only).
For illustration purposes only. This information does not contain all of the details you need to choose a mortgage. Make sure you read the separate Key Facts Illustration before you make a decision.
For a more accurate estimate based on your chosen mortgage product please use our full cost calculator.
Whether you have a lump sum to save or you want to put smaller amounts away more regularly, this section will help you find the account that's right for you.
The key to finding the best account is being clear about what you are saving for, how much you can afford to save and how often you will need access.
To help you find the best account for you, try our new Account Comparison tool that lets you compare our range of Savings Accounts.
Before choosing a savings account you will need to decide what facilities you want from a savings account. For example, will you need ATM access, or facilities for regular payments to third parties? As a general rule, the less access you require to your money, and the longer you can save, the better the interest rate. Try our Decision tree to help you choose the right Yorkshire account
A convenient way to pay regular bills is by direct debit or standing order, which takes care of your payments without you having to think about it.
Standing Order or Direct Debit? These are simple methods of moving your money on a frequent basis to ensure that you always have money in your account when you need it. By setting up a Standing Order you give us permission to access your account for a specific amount and transfer that amount to a third party, e.g. a utility company, at a specific time.
With a Direct Debit you give us permission to access your account to be debited, but amounts can vary.
Paying regular amounts into a savings account is a great way to discipline yourself to save money. For example saving for a holiday is easy if you put a little aside each month, and avoids those hefty credit card bills spoiling your holiday on your return!
Depending on the account you choose, you may be able to make regular payments by direct debit or standing order although not all accounts provide these facilities.
It is a good idea to have an account which is easily accessed to cover the unexpected. A small saving each month will soon add up, and give you peace of mind that if you suddenly need that extra cash, it is available.
Some accounts only pay interest annually while others offer a monthly/annual option. As part of the process of deciding which would be the most convenient account for you, make sure you compare interest rates, including the Interest rates offered by us.
Having decided your aims, there are a number of things to consider when choosing a savings account. Our Decision tree may help.
Higher risk investments
Low risk savings
There are obvious advantages to saving your money in an account where you are not paying tax on the interest earned. Tax on savings interest is normally deducted at 20% for basic rate tax payers. If you are a higher rate taxpayer you'll have to pay the extra tax through your tax return and subsequent tax coding. If you live in the UK, there are a number of ways in which you can save without paying tax on any interest earned. We offer two options:
If you are still undecided on which account may be best for you, try our Decision tree.
If your annual income is less than your personal tax allowance, you may be able to register to have any interest on your savings paid gross, i.e. without tax deducted. The best place to check whether you are eligible to have interest paid gross is the HM Revenue & Customs web site.
If you are eligible, complete an R85 form and let your savings provider have it. They will do the rest. If you are one of our customers contact us for a form.
Starting early gives you the opportunity to save money in a high interest account, where it will earn a better rate of interest over a longer period of time. Building Society savings accounts are one option. You could consider one of the following alternatives:
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.
Get in touch with us:
Yorkshire Building Society is a member of the Building Societies Association and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. We are entered in the Financial Services Register under registration number 106085.
Any reference on this website or in our literature to the Financial Services Authority (FSA) should be deemed to mean the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).