Table of Contents
- 1 Are Chelsea and Yorkshire Building Society the same?
- 2 How do I contact Chelsea Building Society?
- 3 Who is Yorkshire Building Society affiliated with?
- 4 Who owns Chelsea Building Society?
- 5 How many Ybs branches are there?
- 6 What are the disadvantages of building societies?
- 7 Who is Chelsea Building Society owned by?
- 8 Is Virgin Money part of Yorkshire Building Society?
Are Chelsea and Yorkshire Building Society the same?
On 1st April 2010 Chelsea merged with Yorkshire Building Society, then the UK’s second largest building society. Following the merger Chelsea retained the Chelsea Building Society brands and continues to offer a full range of financial products to new and existing customers.
How do I contact Chelsea Building Society?
If you are not registered for Online Services please ring us on 0345 850 4041* to discuss your account; alternatively you can register online to use our Online Services.
How do you become a member of a building society?
Becoming a member of a building society is usually achieved by opening a savings account and depositing a cash sum. Irrespective of the amount of money deposited, becoming a member brings voting rights on a one-member-one-vote basis. In this way, members can influence policy and appoint directors.
Who is Yorkshire Building Society affiliated with?
Chelsea Building Society
Yorkshire Building Society (YBS) also operates under the trading names of Chelsea Building Society (CBS), Norwich & Peterborough Building Society (N&P) and Egg. YBS is a participant of the FSCS.
Who owns Chelsea Building Society?
Yorkshire Building Society
Chelsea Building Society/Parent organizations
Does Chelsea Building Society still exist?
Chelsea Building Society is a trading name of Yorkshire Building Society based in Bradford, West Yorkshire. Chelsea now forms part of the Yorkshire Building Society Group, alongside Yorkshire Building Society and the Norwich and Peterborough Building Society.
How many Ybs branches are there?
178 branches
Our combined assets are now of over £30bn, 2.8m members and a network of 178 branches.
What are the disadvantages of building societies?
Cons
- Building societies are not as secure as they have historically been. The choice of mutual is falling and failures have become more commonplace.
- Many building societies have geographical restrictions.
- Building societies often have a restricted choice of products.
What are the advantages of building societies?
The advantages of choosing building societies over banks
- Favourable interest rates for smaller savers. When you compare interest rates between high-street banks and building societies, the latter is normally kinder to consumers.
- Innovative mortgage products.
- A personable, trustworthy alternative.
Who is Chelsea Building Society owned by?
Chelsea Building Society
| Type | Building Society (Mutual) |
|---|---|
| Net income | £157 million GBP (December 2012) |
| Total assets | £33.5 billion GBP (December 2012) |
| Parent | Yorkshire Building Society |
| Website | www.thechelsea.co.uk |
Is Virgin Money part of Yorkshire Building Society?
Yorkshire Building Society said it will warmly welcome any Yorkshire Bank customers who decide to jump ship once the bank changes its name to Virgin Money. Yorkshire Bank is to change its name to Virgin Money in late 2019 following parent company CYBG’s £1.7bn takeover of Virgin Money last year.
Is Chelsea Building Society Mutual?
Mutuality. When a customer takes out a savings or mortgage product with us, they become a member of our society – a mutual society, run for them and where they really matter. This is because our members are our owners. As a mutual society, we don’t have external shareholders to take profit out of the business.