Skipton Building Society: A Comprehensive Guide to One of the UK's Oldest Building Societies

Skipton Building Society: A Comprehensive Guide to One of the UK's Oldest Building Societies

Skipton Building Society: A Comprehensive Guide to One of the UK's Oldest Building Societies
 Skipton Building Society: A Comprehensive Guide to One of the UK's Oldest Building Societies


Introduction

Skipton Building Society is one of the UK's oldest and largest building societies, with a history dating back to 1853. It has been providing financial services to its members for over 160 years, and its commitment to customer service and community involvement has made it one of the most trusted financial institutions in the UK. In this article, we will explore the history, products and services, and current standing of Skipton Building Society.


History

The history of Skipton Building Society dates back to 1853, when it was founded as the Craven and District Permanent Benefit Building Society in the market town of Skipton, North Yorkshire. Over the years, the building society has grown significantly through mergers and acquisitions. In 1974, it acquired the Ilkley Building Society, followed by the Scarborough Building Society in 2009. Today, Skipton Building Society has over 100 branches and 1,400 employees, and it serves over 1 million members across the UK.


Products and Services

Skipton Building Society offers a wide range of products and services to its members. Its main products include savings accounts, mortgages, insurance, and investment services. The building society offers a variety of savings accounts, including instant access, notice accounts, and fixed-rate bonds. It also provides a range of mortgages, including fixed-rate mortgages, variable rate mortgages, and buy-to-let mortgages.


In addition to its core products, Skipton Building Society offers a variety of other services to its members. These include financial planning, will writing, and estate planning. It also provides a range of insurance products, including home insurance, car insurance, and life insurance.


Community Involvement

One of the key values of Skipton Building Society is its commitment to community involvement. The building society is a major supporter of local charities and community groups, and it has a dedicated community engagement team that works to support local initiatives. Skipton Building Society also has its own charitable foundation, the Skipton Building Society Charitable Foundation, which provides funding to a wide range of community projects.


Awards and Recognition

Skipton Building Society has been recognized for its commitment to customer service and community involvement. In 2021, it was named Best Building Society by Moneyfacts, and it has also received numerous other awards for its products and services.


Conclusion

Skipton Building Society is one of the UK's oldest and largest building societies, with a proud history dating back to 1853. Its commitment to customer service and community involvement has made it one of the most trusted financial institutions in the UK. With a wide range of products and services, and a strong focus on community involvement, Skipton Building Society is well positioned to continue serving its members for many years to come.


FAQs

1. What is a building society?

A building society is a type of financial institution that provides savings and mortgage products to its members. Building societies are owned by their members, and profits are returned to members in the form of better interest rates and lower fees.


2. How do I become a member of Skipton Building Society?

To become a member of Skipton Building Society, you need to open a savings account with the building society and maintain a minimum balance. You can also become a member by taking out a mortgage with Skipton Building Society.


3. What types of mortgages does Skipton Building Society offer?

Skipton Building Society offers a range of mortgages, including fixed-rate mortgages, variable rate mortgages, and buy-to-let mortgages.


4. Does Skipton Building Society offer investment services?

Yes, Skipt

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