Address: Yorkshire Building Society, Yorkshire House, Yorkshire Drive, Bradford, West Yorkshire BD5 8LJ
As one of Britain's most successful building societies, with 1.9million members, Yorkshire Building Society now offers a number of products and services such as home insurance (also known as ‘house insurance’ or ‘household insurance’). It acts as an intermediary with policies underwritten by Royal & Sun Alliance Insurance PLC.
Yorkshire Building Society provides both home contents insurance and buildings insurance. Independent financial research company Defaqto awarded the company five stars for the standard of its cover and there are numerous benefits available including the ability to mix and match between buildings, contents, accidental damage cover, pedal cycles, legal expenses and cover for personal belongings and money. You can also fix your premiums until 2011 to avoid increases at renewal time.
The company offers a number of discounts for the over 50s, as well as reduced premiums for policies with £150 or more of voluntary excess. Yorkshire Building Society’s buildings insurance includes cover for accidental damages to services such as cables and pipes, as well as alternative accommodation and loss of rent.
Mainstream mortgage and savings products
Yorkshire Building Society is not endorsed by or associated with the Good Finance Guide. All trademarks remain the property of their respective companies.
how interest is calculated
Depending on the credit card, interest is calculated either from the date of the transactions you make or from the statement date.
A credit card that charges interest from the transaction date may be worthwhile if you do not intend to pay off the balance at the end of the month and the interest rate offered is low. Holding the card may also entitle you to a particular benefit that outweighs the additional interest charges.
Credit cards which calculate interest from the statement date and only impose the interest if you do not settle the statement in full are preferable. In practice, this means you can get a maximum of 56 days interest free credit; the transaction can be up to 31 days before the statement and the card issuers usually allow a further 25 days for payment to be made.
credit limit
When your application for a credit card is accepted you will be told what credit limit you have been given. You can make purchases up to this credit limit. Trying to make further purchases once you have reached your limit will result in the transaction being refused.
sweeper deals
Some banks are now offering 'sweeper deals' meaning that credit card debt can be offset against any savings before interest is calculated.
Thus, if your savings are equal to or greater than your credit card debt you will pay no interest on your credit card at the end of the month. If your savings are less that your credit card debt you will still benefit as the interest charged will be calculated on you credit card balance less your savings balance.
As the interest charged for borrowing is greater that the interest gained through saving, you will be better off.
