Building Society Joint Account Isas Compare Our Best Isa Rates And Save Tax Free Ybs

If an account is held in more than one persons name although all account holders will be members of the society the account holder whose name appears first in our records will be the only.

Building construction uf. A building society is a financial institution owned by its members as a mutual organizationbuilding societies offer banking and related financial services especially savings and mortgage lendingbuilding societies exist in the united kingdom australia and new zealand and used to exist in ireland and several commonwealth countries. Details of an account youll use as your nominated account the specific terms of your account may require you to set up a nominated bank account if you want to set up a nominated account for withdrawals and interest payments well need the account number and sort code of an existing bank or building society account. Nationwide building society is authorised by the prudential regulation authority and regulated by the financial conduct authority and the prudential regulation.

If you want to add or remove a joint account holder from your current account you can do this at any time and with any of our accounts except flexstudent flexgraduate or flexone. Helping people save for over 150 years. If there are more than two names on the joint account the financial protection may extend further but you should check the terms and conditions with.

From cash isas and bonds to monthly regular savers and access accounts we exist to get britain saving. Joint accounts are covered by the financial services compensation scheme fscs which guarantees savings up to 85000 or 170000 for a couple for each authorised bank or building society. Its important to get in touch with the bank or building society which the bank account is with as these processes vary depending on the bank.

However it would be worth checking this with the building society. In the uk bank and building society accounts are generally held by the joint account holders as joint tenants so that on the death of one account holder the funds in the account pass to the surviving account holder by the principle of survivorship. Just like other accounts joint accounts are protected by the financial services compensation scheme fscs up to 85000.

If you are a holder of a joint account thats a current account you can withdraw money from the account. Joint accounts unless your product terms say otherwise when you open an account you will be a member of yorkshire building society. If the building society account is held in the joint names of you your wife and your son you will hold it as joint tenants unless you have completed a declaration of trust to the contrary.

Thats why weve developed a range of savings accounts to suit your needs. Savings from yorkshire building society. Were here to help you save money.