How does it work?

Instead of earning interest, you can use your savings to reduce the cost of your relative or friend's Yorkshire Building Society offset mortgage. Interest is charged on the difference between their offset mortgage balance and your combined offset savings balance)
Open an account in single or joint names (although you can't open a joint account with your friend or relative)
Save up to £1 million in the account
Set up standing orders to make regular payment into your account
Unlimited withdrawals up to £1000 in cash or up to £150,000 by cheque from your branch without notice (if you're withdrawing money from a local agency, you may need to give a few days notice for cash amounts over £250 or cheques over £10,000)


Account Name Offset Plus Savings
What is the interest rate?

No interest is paid on this account

Gross† p.a. AER*
0.00% 0.00%

Whether you need to pay tax is dependent on your own personal circumstances and so may be subject to change in the future.

† Interest is paid gross i.e. without tax being taken off on all our savings accounts – ISA accounts pay interest tax-free.

* AER stands for the Annual Equivalent Rate and shows you what the interest rate would be if interest was paid and added each year. This will enable you to compare more easily the return you can expect from your savings over time.

Can Yorkshire Building Society change the interest rate?

Not applicable for this account.

What would be the estimated balance after 12 months based on a £1,000 deposit?

Not applicable for this account. The balance in this account will be offset against the balance of the Yorkshire Building Society Offset mortgage for the purposes of calculating interest on the mortgage.

How do I open and manage my account?

The Offset Plus Savings account is only available in conjunction with a Yorkshire Building Society Offset mortgage.

It can be opened in sole or joint names (but you can’t open the account with your friend or relative who has the Offset mortgage with Yorkshire Building Society).

Account management
The account can be managed in branch, by post and online.

The minimum balance is £0.

The maximum balance is up to £1 million.

Can I withdraw money?

The Offset Plus Savings allows instant withdrawals subject to daily withdrawal limits without loss of interest.

After repayment of the balance of the Yorkshire Building Society Offset mortgage, the balance in the Offset Plus Savings Account (if any) will be transferred to a Access Saver account.

Additional Information

Before you apply

Please read and download the Product Terms and Conditions for this account.

If a friend or relative already has an offset mortgage with us and you want to open an Offset Plus Savings Account, simply follow these 3 easy steps:

  1. Request an Offset Plus information pack

    You can ask for one by phone or download online.

  2. Ask your friend or relative to complete the form we send you

    They will need to fill in their details and sign the application form, so that we know which mortgage account to link your Offset Savings Account to.

  3. Return your application by post
    Please include the following:
  • Your opening deposit. Cheques should be made payable to yourself or to 'Yorkshire Building Society a/c (your name)'
  • Your existing account number if you already have an account with us

What if I change my mind?

You can change your mind within 14 days and we'll help you switch to another account or give you your money back. There's no notice period or charge. Simply write to your branch or agency where you opened your account or call 0345 1200 300*.

Proof of identity

Under regulations for the prevention of financial crime, we have a responsibility to protect our members. So before we open any new account, we use an electronic verification system to confirm the identity of the person applying.

Sometimes we need to ask for additional proof of your identity. To make life easier, we've listed some examples below that we're happy to accept. For a more detailed list, just call us on 0345 1200 100*.

Choose one item from this list:
Full driving licence
Original and current notice of tax coding from HM Revenue & Customs (formerly the Inland Revenue)
Choose one item from this list:
An original utility bill, e.g. gas, electricity, telephone (not mobile phone) less than 3 months old
An original and current council tax bill
An original bank or building society statement less than 3 months old

Applying by post?

If you're applying by post, you may want to provide additional proof of identity with your application so we don't have to delay opening your account. You'll also need to provide a third item from either list. Please don't send an original passport or driving licence (you can send copies certified by a solicitor).


How to apply


Just download an application form and return the completed application to the following address:

Yorkshire Building Society
Yorkshire House
Yorkshire Drive

Apply by phone

Speak to one of our friendly advisers about this mortgage.

New customers

Existing customers
9am - 5pm Mon-Fri
9am - 1pm Sat