The Magnificent 7 Building Societies

The Magnificent 7 Building Societies

7 UK building societies achieved the fantastic score of 98/100 on the Move Your Money scorecard: Ipswich, Darlington, Scottish, Progressive, Marsden, Market Harborough and Loughborough – just above many more who scored over 90.

Unlike the Big 5 Banks, who have been mired in scandal for years if not decades, these 7 bastions of good behaviour have a squeaky-clean record sheet, with no fines for criminal activity, no use of tax havens, minimal customer complaints and financial ombudsman referrals, and no cases of mis-sold PPI.

Like other building societies too, these 7 lend almost exclusively to individuals and businesses in the real economy, and avoid the risky speculation that large banks engage in. They are stable, safe places to keep your money, with strong links to the local economy and an honest approach to business. For anyone looking to support one of the leading examples of better banking, these building societies represent one of the best places to move your money.

To find out more about our MYM Score and how we rate the banks & building societies, click here

Case Study:

Mr & Mrs Jinks

Ipswich Building Society made life a lot easier by regularly speaking to me about what stage we were at. It was great to be able to pop into the local branch and speak to their staff if I had any questions”