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Building Societies

Scottish Building Society

Scottish Building Society is a financial institution located in Edinburgh, Scotland. As a building society, they specialize in providing financial services to their members, including savings accounts, mortgages, and insurance products. With a focus on serving the local community, Scottish Building Society is committed to helping their members achieve their financial goals.

Introduction to Scottish Building Society

Scottish Building Society is a financial services company that was established in 1848. It is the oldest building society in Scotland and is owned by its members. The company's main purpose is to provide savings and mortgage products to its members. What makes this company unique is its focus on providing personalized customer service and its commitment to supporting local communities.

Services & products

Scottish Building Society offers a range of savings accounts and mortgage products to its members. Their savings accounts include instant access accounts, notice accounts, and cash ISAs. Their mortgage products include fixed-rate mortgages, variable-rate mortgages, and buy-to-let mortgages.

Location

Scottish Building Society is located on Dalry Road in Edinburgh, Scotland. The surrounding area has a mix of residential and commercial buildings, including shops, restaurants, and cafes. There are also several parks and green spaces nearby. The closest public transportation options are Haymarket Station (0.6 miles away), Slateford Station (1.1 miles away), and Edinburgh Park Station (3.3 miles away).

Benefits

Customers should choose Scottish Building Society because of their personalized customer service, competitive rates, and commitment to supporting local communities. As a member-owned organization, Scottish Building Society is focused on meeting the needs of its members rather than generating profits for shareholders.

Good to know

Customers should be aware that Scottish Building Society is a smaller organization compared to some of the larger banks and building societies in the UK. However, this allows them to provide a more personalized and flexible service to their members.

Reviews

Customers have praised Scottish Building Society for their excellent customer service and competitive rates. Many customers appreciate the personal touch that comes with dealing with a smaller organization. However, some customers have noted that the range of products offered by Scottish Building Society is more limited compared to some of the larger banks and building societies.

Amenities

  • amenity
    atm
  • amenity
    online banking
  • amenity
    savings account
  • amenity
    loan
  • amenity
    mortgage
  • amenity
    insurance
  • amenity
    investment
  • amenity
    advice
  • amenity
    credit card
  • amenity
    debit card

FAQ

What are your interest rates for savings accounts and mortgages?

Our interest rates for savings accounts and mortgages vary depending on the product and current market conditions. We offer a range of savings accounts with competitive rates, and our mortgage rates are also competitive. Please visit our website or contact us to find out more information about our current rates.

What are the fees and charges associated with your products and services?

We strive to keep our fees and charges transparent and reasonable. The fees and charges associated with our products and services vary depending on the product and service. Please visit our website or contact us to find out more information about the fees and charges associated with our products and services.

What is your policy on early repayment of mortgages or loans?

We offer flexibility in our mortgage and loan products, and we allow early repayment without penalty in most cases. However, there may be specific terms and conditions associated with each product, so we encourage you to review your specific loan or mortgage agreement or contact us for more information.

Do you offer online banking services and how secure are they?

Yes, we offer online banking services that are secure and easy to use. We use industry-standard security measures to protect our customers' information and transactions. Our online banking platform includes features such as account balances, funds transfers, and bill payments. Please visit our website or contact us to learn more about our online banking services.

How long have you been established as a building society and what is your financial stability rating?

We have been established as a building society since 1848, making us one of the oldest building societies in the world. We have a strong financial stability rating and are committed to maintaining our financial strength and stability for the benefit of our members. Please visit our website or contact us for more information about our financial stability rating.

Reviews

  • Maria Harris

    27-05-2022
  • Little Timmy Gaming

    Anyone who sponsors Edinburgh rugby deserves this

    27-05-2022
  • Elaine Stalker

    Gave Scottish building society 1 star but only because there was no option for 0 stars. I tried to transfer my Cash ISA from SBSand the process started in November 2021. In February 2022 they eventually decided that they would transfer the funds but to drag things out further they sent the funds to my new provider by cheque meaning no interest on funds for a month. Very disappointed. .

    27-05-2022
  • Kit Lopes

    Before opening an account I rang to make sure that it would work in the way I intended. I was also told that the branch closes at 5pm. I then traveled across town, arriving at the branch at 4.40pm. The tills were already closing. A grumpy woman told me to come back another time. It also turned out that the information I was given on the phone was wrong - the account would not work in the way promised. Altogether I wasted two hours on this futile trip. The experience left me deflated for the rest of the evening. But I am glad that I did not put my money into this building society. They were so unreliable.

    27-05-2022
  • Mrs McK

    Scotland’s only independent building society.

    27-05-2020
  • Brian Muir

    27-05-2020
  • Tinton Abraham

    As well as mortgages and savings and investments, the society offers its customers help with inheritance and estate planning, and home insurance.

    27-05-2018