Offset Plus for Savers | Mortgages | YBS | YBS
Offset Plus savings account
Link your savings to a relative or friend's offset mortgage to help reduce the interest they pay.
What’s an Offset Plus Savings account?
How it works:
Savings account summary
Account Name | Offset Plus Savings | ||||
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What is the interest rate? | No interest is paid on this account
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. |
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Can Yorkshire Building Society change the interest rate? | Not applicable for this account. |
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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. |
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How do I open and manage my account? | Eligibility 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 minimum balance is £0. The maximum balance is up to £1 million. |
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Can I withdraw money? | Withdrawals Maturity |
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Additional Information |
Know before you apply
Remember, you can change your mind within 14 days. We’ll help you switch to another account or give you your money back.
If you change your mind, just call us on 0345 1200 300.
Lines are open 9am to 5pm Monday to Friday, and 9am to 1pm Saturday.
Calls to 03 numbers are charged at the same rate as 01 or 02 from all phones.
How to open an Offset Plus Savings account
Download an Offset Plus Savings application form
Yorkshire Building Society,
Yorkshire House,
Yorkshire Drive,
Bradford,
BD5 8LJ
Ask us to post an Offset Plus application form
How does Offset Plus work for mortgage holders?
Find out more about how Offset Plus works for mortgage holders.
More about offset mortgages
Financial Services Compensation Scheme
More about the Financial Services Compensation Scheme.