Check whether your employer supports/offers Salary Finance.
Create a new savings account provided by Yorkshire Building Society (YBS). It's an instant access savings account so you can get hold of your money at any time
Choose an amount you want to save each payday and it'll get deducted directly from your salary and put into your account. You can change the amount at any time.
Sit back and watch your savings grow.
Gain confidence knowing you're able to save more, and see your savings grow each month.
Keeping your accounts separate means you're less likely to dip into your savings. But you'll always have the security of instant access if you need it.
No. Payments will be made from your net pay after taxes have been deducted. Salary Finance payments are not a tax exempt benefit-in-kind.
Click the "My Salary Finance" button on the home page, enter your employer name. You will then be directed to a page specific to your employer. Go to the top right of that page and click ‘Sign In’. Enter the email address you used to register and click 'Having trouble signing in?’. Follow the instructions on screen and you'll be emailed a link to reset your password. Please be aware that this will expire in an hour, so make sure you are able to complete the password reset within this time.
Nope. We work with your employer to transfer savings directly from your salary into a Yorkshire Building Society (YBS) account every pay cycle. The YBS account is instant access, so you can withdraw your savings anytime.
The Yorkshire Building Society instant access account offers 0.1% gross Annual Equivalent Rate (AER)*. From 1st October 2020 this rate will be increased to 0.2% gross Annual Equivalent Rate (AER). This is competitive with other instant access accounts. More information can be found on the YBS product factsheet. *AER stands for 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 the return you can expect from your savings from multiple products.
Absolutely. You can edit the amount you save every pay cycle and track how much you've saved on your Salary Finance account dashboard. Best of all, you can do this anytime and as many times as you'd like.
There is no charge for using Salary Finance to save directly from your salary.
You can access your savings through the YBS online portal. The YBS account is instant access, so you can make a withdrawal anytime.
We usually process payments the same day they are received from your employer. They should appear in your YBS account within 24 hours.
The application is online. You need to check that your employer offers Salary Finance's Save product. To do so, return to our homepage and click 'Check Eligibility'. The application process usually takes 5-10 minutes.
Savings won't be tax-free. Deductions will be made from your net pay after taxes have been deducted. Salary Finance Save is not a tax exempt benefit-in-kind.