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  • MarkyMarkD
    MarkyMarkD Posts: 9,912 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Building societies are safe, whether you've heard of them or not!

    No saver has lost money in a UK building society within anyone's living memory.

    If building societies get into trouble, larger building societies take them over and (effectively) bail them out.

    In fact, the most insecure building society, from this point of view, is the largest, Nationwide, because no other society could possibly afford to bail them out.

    But I'm not seriously scaremongering about Nationwide. Building societies as a movement are basically a safe place to save. And they are all, obviously, covered by the £50k FSCS protection in any case if you are really worried.
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