building society

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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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 • Jan. 29, 2026

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 • Nov. 17, 2025

And the building society said it wanted to protect vulnerable people and offer more support services.

From BBC • Nov. 11, 2025

Prices fell by 0.8% last month, the biggest monthly decline since February 2023, which the building society said may reflect weaker demand following the changes to stamp duty in April.

From BBC • Jul. 1, 2025

In the other Australian colonies the building society movement has made progress, but not to a very large extent.

From Encyclopaedia Britannica, 11th Edition, Volume 4, Part 3 "Brescia" to "Bulgaria" by Various

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023