Building Societies
Compare the products available from building societies
Building Societies offer a wide range of financial products, from insurance to credit cards, although their main services tend to be mortgages and savings accounts, including child savings, internet banking and tax free savings like ISAs.
See below for leading building society mortgage deals:
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2.45%
| Discount | Jul 2011 | Hanley Economic Building Society |
5.00%
| 70% |
More
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2.99%
| Standard | Jul 2011 | Nationwide Building Society |
4.00%
| 95% |
More *
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|
2.99%
| Discount | Jul 2011 | Market Harborough Building Society |
5.00%
| 75% |
More
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3.25%
| Fixed | Jul 2010 | Chorley & District Building Society |
6.00%
| 75% |
More
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|
3.29%
| Standard | Jul 2012 | Saffron Building Society |
5.00%
| 60% |
More *
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3.35%
| Discount | Jul 2011 | Progressive Building Society |
5.00%
| 60% |
More
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3.45%
| Standard | Jul 2011 | Cheshire Building Society |
4.00%
| 60% |
More
|
*for existing customers only
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
Some of the UK's leading building societies include:
For the latest building society mortgage rates, check out our easy to use mortgage comparison table above or for the latest savings products, including leading building societies deals, see below:
| ING Direct Instant Access Savings Account | 3.00% | |
| Hi Save 5 year Fixed Rate Bond | up to 4.40% | |
| 6 month, 1, 2, 3 and 4 year rates also available |
| Investec Guaranteed FTSE 100 Income Plan | See details | |
| 5 Year Capital Protected Structured Income Bond with an annual yield of 6.00%,a quarterly yield of 1.47% or a monthly yield of 0.48%. |
| High 5 Account - min deposit £25K+ | 3.13% | |
| Always pays the average of the five highest savings rates in the market |
| Skipton Building Society 2year Fixed Rate Bond | 3.89% | |
| Pays a return of 3.89% AER / 3.90% Gross. Fixed term until 28th July 2011 |
| Hi Save 5 year Fixed Rate | 4.40% | |
| 6 month, 1, 2, 3, 4 and 5 year rates available 4.00 - 4.40% AER |
| Skipton Building Society 2 year Fixed Rate Bond | 3.89% | |
| Pays a return of 3.89% AER / 3.90% Gross. Fixed term until 28th July 2011 |
| Newcastle Building Society 2 year Fixed Rate Bond | 3.25% | |
| Pays a return of 3.25% Gross/AER, fixed term until 19th July 2011 |
| Skipton Building Society Guaranteed Double Asset Bond | See Details | |
| The Opportunity for Real Growth and 100% Capital Protection to Your Original Investment. No Capital Gains Tax. |
| Offshore Regular Saver - £100 per month minimum required | 4.00% | |
| to receive 4.0% you MUST save £100-£2000 by standing order every month for a 12 month period |
| ING Direct Savings Account | 3.00% | |
| Savings Account | 2.80% | |
| Internet Saver | 2.80% | |
| Lloyds TSB E Saver | 2.50% | |
| Direct Transfer Account | Up to 2.51% | |
| Barclays Wealth Regular Income Bond |  | 7.75% pa** | |
| 5 Year Structured Income Bond with an annual yield of 7.75% or quarterly at 0.63%. Can be used for ISA transfers & SIPP investment up to £500,000. |
| Investec Guranteed FTSE 100 Income Plan | | 6.40% pa*** | |
| 5 Year Capital Protected Structured Income Bond with an annual yield of 6.40%,a quarterly yield of 1.55% or a monthly yield of 0.5%. |
| Barclays Defined Returns Plan | | Click for Details | |
| This capital protected plan has a choice of investment terms of 3,4,or 5 years offering a maximum return of 43%. |
| Barclays Defined Returns (Annual Kick-Out 100) Plan | | Click for Details | |
| The 5 year Growth Plan offers an opportunity for attractive pre-defined returns at 10% a year. |
| Invesco Perpetual Corporate Bond ISA | | 6.77%* | |
| This highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to 100% Discount off the Standard Initial Fund Charge. |
*Current Income Yields are Gross, Variable & Not Guaranteed
**Historic Yield reflects distributions declared over the past 12 months as a percentage of the mid-market price of the fund as at March 2009.
Disclaimer (Please Read)
Please bear in mind that:
- Investment ISAs are designed as medium to long term investments, for example at least five years.
- The value of your investment and the level of any income received from it can fall as well as rise and is not guaranteed and you may not get back the amount of your original investment.
- The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.
- The list of funds provided above should not be seen in any way as being a recommendation. No advice has been given and you should be aware that any investment which takes place will be transacted on an “execution only” basis.
- Full details of the funds, including investment performance statistics and risk profile will be provided in the documentation/brochure sent to you and it is up to you to ensure that you fully understand the nature of investment before proceeding. If you are at all unsure of the suitability of the type of investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.
- Any income yield quoted is correct at the time of going to press. Income yields vary and are only estimates. The actual dividend income that you receive will depend upon the income payable by the underlying assets of the fund and could change, either up or down, at any time. Dividend income from an ISA will, under current legislation, be free of UK income tax. Dividend income paid from a fund not held within an ISA will be subject to income tax, which may or may not be reclaimable depending upon your circumstances and the type of investment. In some cases, there may be additional income tax to pay.
- If you choose a fund which invests overseas, there is the addition of “exchange rate” risk which could reduce any gains or increase losses if the currency moves against you.
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Building Societies Review
A building society is an organisation based on mutuality, where communities pool their resources to benefit both themselves and the community as a whole. Building societies have been in existence for centuries in the UK and have now grown to be one of the pillars of the British financial industry. All building societies are run for the advantage of their members, with the lack of shareholders allowing profits to be directly invested back into products and services rather than dispersed out through dividends.
Products offered by building societies include mortgages, banking, insurance, savings and investments. Due to their history in the area of mortgages, building societies are regarded by many as being experts in that particular area, with a wide breadth of experience to draw on both in staff and management.
Choosing the right building society to entrust with your money or security can be a difficult decision. Information on all the major building societies in the UK can be found within this website, with short reviews of their history and areas in which they operate.