Chelsea Building Society Credit Rating
Chelsea Building Society is not a bank in its own right: it is a trading name of Yorkshire Building Society (FCA firm reference 106085), part of Yorkshire Building Society. Credit rating agencies rate the licence holder, not the brand, so Chelsea Building Society has no rating of its own. Yorkshire Building Society currently holds a blended long-term credit rating of A, which is investment grade; that is the rating shown on this page. Chelsea Building Society merged into Yorkshire Building Society on 1 April 2010 and has been an online and telephone brand of the Society since 2016. It has no savings products for new customers; existing Chelsea savings are Yorkshire Building Society deposits. A credit rating is an opinion on an institution's ability to meet its obligations, not a guarantee, and it is separate from deposit protection.
Yorkshire Building Society
FCA: 106085
24 October 2026
1864
Yorkshire Building Society credit ratings by agency
| Agency | Long-term rating | Outlook | Last confirmed |
|---|---|---|---|
| Fitch Ratings | A | Stable | 12 Oct 2026 |
| Moody's | A2 | Stable | 12 Oct 2026 |
Rating History Chart
Rating History
| Date | Rating | Agencies |
|---|---|---|
12 Oct 2026 |
Moody's, Fitch |
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2026 H1 file (January 2026 to June 2026), Yorkshire Building Society received 2,336 banking and credit-card complaints, 0.66 per 1,000 accounts. The bank upheld 77% of those it closed and closed 28% within three days. The previous period was 0.52 per 1,000, so complaints rose. Compare all banks.
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Frequently asked questions about Chelsea Building Society
Is Chelsea Building Society safe?
Chelsea Building Society operates under Yorkshire Building Society's banking licence, and Yorkshire Building Society holds a blended long-term credit rating of A, which is investment grade. A rating is an independent opinion on the institution's ability to meet its obligations; it is not a guarantee and can change. Separately, eligible deposits with UK-authorised banks and building societies are protected by the FSCS up to £120,000 per person per banking licence. This page is information about published credit ratings, not financial advice.
What is Chelsea Building Society's credit rating?
Chelsea Building Society has no rating of its own. Its licence holder, Yorkshire Building Society, has a blended long-term credit rating of A from Moody's, Fitch; the per-agency figures are shown above.
Which bank is Chelsea Building Society part of?
Chelsea Building Society is a trading name of Yorkshire Building Society, FCA firm reference 106085, part of Yorkshire Building Society. Chelsea Building Society merged into Yorkshire Building Society on 1 April 2010 and has been an online and telephone brand of the Society since 2016. It has no savings products for new customers; existing Chelsea savings are Yorkshire Building Society deposits.
Does Chelsea Building Society share an FSCS limit with Yorkshire Building Society or Norwich & Peterborough?
Yes. Chelsea Building Society and Yorkshire Building Society and Norwich & Peterborough all sit under Yorkshire Building Society's licence, so money held across them counts towards one £120,000 limit per person, not one limit each.