Savings Policy :: BSA - Building Societies Association

Policy

Savings Policy

Building societies are home to a fifth of the nation's cash savings.

2006 was another strong year for building society cash savings, in the face of challenging market conditions. Net savings inflows, at £8.3 billion, were only just down on those for 2005, which with net savings of £9.6 billion was a record year .

Against a background of robust competition from banks and National Savings and Investments, building societies were able to maintain their share of the savings market at just under 20%.

This performance highlights the trust people place in building societies to offer good value products and a safe home for their savings. Societies remained especially strong in the market for cash ISAs, with around 37% of balances outstanding.

Latest Savings Press Releases BUILDING SOCIETIES’ NET LENDING PICKS UP IN SEPTEMBER 29.10.2008 The BSA reports that net mortgage lending by building societies increased to £314 million in September 2008. BSA WELCOMES INCREASE IN FSCS LIMIT TO £50,000 03.10.2008 The BSA comments on the FSCS increase to the level of compensation for savers from £35,000 to £50,000. View more Savings Statistics A range of statistics on savings with building societies, including data on ISAs and Child Trust Funds. View more statistics
Child Trust Fund 35 building societies offer a CTF Building societies are the main providers of the cash CTF BUILDING SOCIETIES’ NET LENDING PICKS UP IN SEPTEMBER 29.10.2008 The BSA reports that net mortgage lending by building societies increased to £314 million in September 2008. BSA WELCOMES INCREASE IN FSCS LIMIT TO £50,000 03.10.2008 The BSA comments on the FSCS increase to the level of compensation for savers from £35,000 to £50,000. View more		Individual Savings Accounts Building societies are among the main providers of Individual Savings Accounts (ISAs). ISAs and Building Societies This leaflet explains the main features of individual savings accounts (ISAs). View more Saving Gateway The Saving Gateway is a Government scheme that aims to encourage people to save who wouldn't normally do so. The Government is consulting on how to launch the scheme from 2010. View more