In uncertain times you need to choose the right Building Society
Click here to request a free callback Click here to request a callback from the Bath Building Society
Click here to open up the Live Chat facility with the Bath Building Society
Click here to go to the Bath Building Society website
Click here to read more about the Bath Building Society
Click here to find out about the range of mortgages on offer from Bath Building Society
Click here to find out about the savings and investment products available from Bath Building Society
Click here to contact Bath Building Society online
Latest news from Bath Building Society
Find out how Bath Building Society, works with and supports the community

Why choose Bath Building Society


FINANCIAL POSITION (September 2008)
 There are currently 59 building societies in the UK ranging from the Nationwide (with assets in excess of £138bn) to the Century (with assets of just over £22m). Bath Building Society stands at position 45 in the assets table with total assets in excess of £200m.

Although we are relatively small in comparison to the high street banks and larger building societies, Bath Building Society has a capital strength that is over 135% of our statutory minimum (as set by the FSA). The FSA's capital ratio is set to maintain the solvency of deposit takers such as ourselves.

The Society is directly regulated by the FSA and holds permissions to take deposits and give advice on regulated mortgages. We are regulated under exactly the same compliance regime as the larger societies. Our external auditors are Deloitte & Touche LLP and we outsource our internal audit requirements to Mutual One Limited, a subsidiary company of the Skipton Building Society.
The benefits of using Bath Building Society
It is a feature of the building society sector that only the top 10 or so societies have formal credit ratings. As such we do not have such ratings. Under the FSA's regulatory regime, we do however have to hold a significant percentage of the total monies invested by our customers as liquid cash at all times. For example, we are currently managing over £50m of cash and other easily realisable liquid assets within our treasury department. This equates to about 27% of all our share and deposit investments. As part of the regulatory regime covering liquidity risk management, the Society also has to hold substantial lines of credit that it can call on in the event of high demands on short term liquidity.

As is common with most deposit takers, all of our share investors are protected by the Financial Services Compensation Scheme under the standard rules of that scheme.

In summary, Bath Building Society is a well regulated, well managed and well capitalised mutual organisation that has provided a secure home for our members' savings for over 100 years.

Related news articles
You may find reading a news article titled 'Anxious Savers Turn To Bath Building Society' of interest, to access this article please click here
Click here for our 'Up close and personal' article

Contact options on Bath Building Societys website Click here to request a free callback from Bath Building Society Click here to request further information

RELATED INFORMATION
Click here for our history
Click here for a Message from Dick Jenkins, Chief Executive
Click here for community involvement
Bath Building Society branches and building society agenciesClick here for branches and agencies

© Bath Building Society 2008. E&O.E (click here to view Legal Information and here for our Privacy Policy)Find out the benefits of becoming a customer of Bath Building Society Click on one of the icons to email this page or add this to another website or blog
Bath Investment & Building Society are members of the UK Building Societies Association, participants of the Financial Ombudsman Service; and authorised and regulated by the UK Financial Services Authority (registration number 206026). VAT number 600842084