Building Societies
Building Societies, also known as mutuals, are a kind of co-operative financial institution which are owned by their members rather than by shareholders.
Because of this, they can sometimes offer better savings rates or lower interest charges than banks, as the profit that would normally go to pay dividends can be given back to the members in the form of better product offerings.
However, some building societies have undergone a process called demutualisation, where they convert from a mutual society owned by their members to a public company owned by shareholders. The members will be compensated by receiving shares in the new company, commonly known as a 'windfall'.
| Barnsley Building Society - Savings, loans and mortgages, including affinity accounts for fans of local sports teams | Bradford and Bingley Marketplace - Find a property, mortgage, loan, pension, investment or insurance | |
| Britannia - Building society dedicated to remaining mutual | Cheshire Building Society - Mutual offering a range of services including Affinity Accounts | |
| Ecology Building Society - Mutual building society dedicated to improving the environment by promoting sustainable housing and sustainable communities | Kent Reliance - Serving the county of Kent for over 150 years | |
| Manchester Building Society - A Manchester-based building society providing service since 1922, and committed to mutuality | Nationwide - The largest society in the world, offering a range of finance services | |
| Skipton Building Society - Mutual with a range of Mortgage products, to investment opportunities and insurance protection plans |
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