building society

British  

noun

1. a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services

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Example Sentences

Bucking the trend of banks shutting stores, Nationwide, the UK's biggest building society, has pledged to keep all of its remaining 696 branches open until at least 2030.

From BBC

They might include banks, building societies, investment platforms and digital wallet providers.

From BBC

Many investment companies that sell stocks and shares Isas back such a move, while banks and building societies who dominate the cash Isa market are more cautious.

From BBC

Customers with bank accounts in the UK will see a significant increase in the amount of money that is protected if their bank or building society collapses.

From BBC

The UK bank and building society sector has seen widespread branch closures in recent years, as many customers have switched to online and mobile banking.

From BBC