Savings and banking

Building societies fund most of their mortgage lending from consumer savings. Most societies have about eight savers for every one borrower and they work hard to balance the rates they charge borrowers and pay savers.

Find out more about saving with a building society in this section.

Related material

 Links to our individual members' careers pages.

General unrestricted BSA publications and newsletters can be found in the Publications section.

Child Trust Funds

Details the basics of how Child Trust Funds work and provides links for further information.

  • Date: 27 October 2021
View Fact Sheet

Junior Individual Savings Accounts (JISAs)

Details the basics of the JISA and provides a link to the BSA consumer leaflet.

  • Date: 27 October 2021
View Fact Sheet

ISAs - Individual Savings Accounts

Cash ISAs are the main cash-based tax-free savings product offered by building societies and they are a particular strength of building societies, with the sector regularly having 35% of the market.

  • Date: 27 October 2021
View Fact Sheet

Personal Savings Allowance

Explains how the Personal Savings Allowance works.

  • Date: 06 April 2021
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Help to Buy ISA

Details of the new type of ISA to help first time buyers save for a deposit.

  • Date: 20 February 2019
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Are my savings safe with a building society?

Find out whether your savings are fully covered by the Financial Services Compensation Scheme.

  • Date: 12 February 2019
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It's your money: leaflet

This leaflet provides information on what to do when financial abuse happens and the support customers can get from their financial services firm.

  • Date: 06 February 2019
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Obtaining additional ISA allowances following the death of your spouse or civil partner

ISA allowances can now be passed on to surviving spouses/civil partners when a saver dies. This factsheet provides further information and links to a consumer leaflet about the changes.

  • Date: 05 February 2019
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Payment methods

What are the different types of plastic cards available? How do cheques work? What are direct debits, direct credits, standing orders and faster payments?

  • Date: 27 January 2019
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You and your joint account

Joint accounts are useful where the finances of two people are closely linked. But with the added convenience come extra responsibilities. Some of these are important and may not be obvious. This leaflet explains some of the things to look out for.

  • Date: 23 July 2017
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What is the difference between a building society shareholder and a depositor?

People and institutions investing in building societies can be divided into two categories - the depositor and the investing member (or shareholder). This factsheet outlines the differences.

  • Date: 25 January 2016
View Fact Sheet

Lost a savings account?

The BSA can help you trace savings that you have lost touch with.

  • Date: 23 April 2015
View Fact Sheet