About Us

Yorkshire Guernsey is a wholly owned subsidiary of Yorkshire Building Society, which means it can offer you all the benefits of an offshore account without sacrificing the security of a traditional building society.

To ensure your investment is safe with us, Yorkshire Building Society has given an undertaking to meet all the liabilities of Yorkshire Guernsey, which Yorkshire Guernsey is unable to meet out of its own assets.  This undertaking remains in force as long as Yorkshire Guernsey is a subsidiary of the Society.  You would be given at least six months notice in advance if Yorkshire Guernsey was no longer a part of the Society.

Yorkshire Guernsey Ltd, which has been on the island since 1990 and was the first UK building society subsidiary on the island, also has a very healthy balance sheet and an extremely strong capital base in its own right.  All of which should give reassurance to its depositors.

Yorkshire Guernsey Limited places funds with Yorkshire Building Society and thus its financial standing is linked to Yorkshire Building Society.  Depositors may wish to form their own view on the financial standing of Yorkshire Building Society based on publicly available information, including reports and accounts, obtainable from us.

Learn more about the security of your account and The Guernsey Banking Deposit Compensation Scheme

Yorkshire Building Society

Yorkshire Building Society (YBS) is the UK’s second largest mutual society with assets in excess of £36 billion and total capital resources of approximately £1.4 billion.

As a traditional mutual building society, YBS is not impacted by volatility in the stock market as it is not a quoted institution. YBS’s financial security is additionally underpinned by the strength of its own capital, funding and asset quality position. In brief, YBS has:

  • Capital ratios that are amongst the very highest of the larger UK building societies
  • A solid funding position – reflecting its limited exposure to the interbank money market and prudent mix of long term wholesale funding
  • High levels of liquidity – providing access to large amounts of realisable cash at short notice
  • A high quality mortgage book consisting entirely of residential UK mortgages – no commercial or buy to let mortgages and no purchased portfolios of loans originated by other lenders