Benefits of the service

YKS Saving Administration Service is based on our innovative Internet capability. We believe that YKS offers clients the most efficient account opening process and ongoing management available in the outsourced savings administration market.

This provides a customer-friendly solution with an easy, 'straight through' account opening process, designed to allow applicants to open their accounts quickly and easily.

Our online, paperless savings application process allows customers to open their account straight away, without the need to print, sign and return the application. .

During the application process, applicants are electronically anti-Money Laundering ID verified using Experian data. The majority of applicants are instantly verified using this method, which results in a great customer experience and more accounts invested in, with a reduction in documents handled and processed.

Applicants can deposit funds by debit card at the point of application. Consequently there is no need for the customer to send a cheque to open the account and the fall-off between accounts opened and actually invested in is minimised.

Products are highly parameterised, meaning our clients can sell instant access accounts and e-bonds of any term from six months to five years. Accounts can have introductory bonus periods, or pay a reduced interest rate if the customer transacts, should these type of options suit your strategy.

Customers can manage many aspects of their accounts themselves online. They can change their address and e-mail details, standing order dates, etc, all tasks traditionally carried out manually. In order to allow customers this level of control, our security and password requirements have been upgraded.

YKS' cutting edge Internet capability and customer proposition ensures a short and smooth customer journey, reducing wastage and therefore costs to potential clients.