What does Skipton Building Society do?
In 1853, we set out to help people create a better future by providing a good place for people’s savings and helping people own their own home. More than 160 years later, our purpose remains the same. From our people, to the environment and the communities we serve, we’re helping to build a better future.
Who is Skipton Building Society linked to?
The Skipton Building Society was established in 1853 in Skipton, North Yorkshire, where it remains headquartered. It is the UK’s 4th largest building society and has over 1 million members and 100 branches. Its most important subsidiary is the Connells estate agency which operates nationally out of over 500 branches.
Is Skipton Building Society part of a group?
Skipton Building Society is the United Kingdom’s seventh-largest building society, the British equivalent of a U.S. savings and loan association. The group operates nearly 80 branches across the country and boasts a membership of some 600,000.
Does Skipton use Barclays?
Electronic payments The payment details may show up as Barclays, as we use them for our banking services. As we’re a building society we use a generic account number for all transaction, your ‘Reference’ ensures the payment reaches your specific Skipton account.
How does a building society work?
How does a building society work? Put simply, when someone saves with a building society, they are given interest on every pound that they save, this money is then lent out as a mortgage and the borrowers are charged interest for this.
Is Skipton Building Society linked to Barclays bank?
Important Information. The payment details may show up as Barclays, as we use them for our banking services. As we’re a building society we use a generic account number for all transaction, your ‘Reference’ ensures the payment reaches your specific Skipton account.
What is Skipton?
Skipton (also known as Skipton-in-Craven) is a market town and civil parish in the Craven district of North Yorkshire, England. Historically in the East Division of Staincliffe Wapentake in the West Riding of Yorkshire, it is on the River Aire and the Leeds and Liverpool Canal to the south of the Yorkshire Dales.
What are the benefits of building societies?
Key points
- A building society is a mutual institution owned and run by its members.
- Due to low running costs, they may offer competitive interest rates.
- Money deposited with the society is protected by the FSCS.
- They can be converted to a PLC if voted for by 75% of members.
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