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.

ISAs - Individual Savings Accounts, including Flexible ISAs

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 over 30% of the market.

  • Date: 29 November 2017
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Child Trust Funds

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

  • Date: 29 November 2017
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Junior Individual Savings Accounts (JISAs)

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

  • Date: 29 November 2017
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Personal Savings Allowance

Explains how the Personal Savings Allowance works.

  • Date: 06 April 2017
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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: 30 January 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
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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: 01 December 2015
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Lost a savings account?

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

  • Date: 23 April 2015
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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: 07 April 2015
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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 2015
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Proving your identity

How money laundering prevention affects opening an account.

  • Date: 15 October 2013
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Basic bank accounts

This factsheet explains what a basic bank account is and what it can be used for.

  • Date: 15 October 2013
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