Originally published by Savings Champion. Read the full press release here.
Independent research from Savings Champion reveals that building societies have outperformed banks in key areas throughout 2018.
Savings Champion found that around two-thirds of building society accounts (66%) pay a higher rate than the base rate of 0.75% compared to less than half of accounts from banks (49%).
For the last 12 months, on average building societies paid their customers 1.01%, compared to just 0.78% paid by banks, a significant 23% difference.
For full details of the research, read the Savings Champion press release here.