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building societies members association

Do you know all the tricks of the building society trade? Do you wonder why tricks are used by directors of “mutual” societies?

building societies members association

Does your society open savings accounts with headline grabbing rates then reduce them after a short period? Do you remember to check the period or do you get caught?

building societies members association

Does your society open new savings accounts and close old ones that lock you into a low interest rate?

building societies members association

Do you think that building society voting papers are democratic or distorted and biased?

building societies members association

Do you believe that the infamous “Quick Vote” trick is for your benefit or for the benefit of the directors?

building societies members association

Have you noticed the little tick box buried in the small print on the back of some voting papers? Do you believe it is hidden there for your benefit or do you think it is another underhand practice by directors?

building societies members association

Did you know that by law you can submit resolutions or stand for election to the board of your society or that directors do their utmost to ensure that you do not?

building societies members association

Do you know that banks and plcs do not use the infamous “Quick Vote” trick?

building societies members association

Do you believe that your building society always acts in your best interests?

building society members association
Best Savings Rates

Interest Rates for Savers

Some savings accounts are opened at high levels of interest to attract customers but…

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building society members association
Voting Tricks and Tips

Building Society Tricks

Don’t throw your voting papers away

If you would like your building society to be a genuine…

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building society members association
Nationwide Building Society

Nationwide Preliminary Results 2024

April 2024 – preliminary-results-2024.pdf…

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building society members association
Fat Cat Carpetbaggers

There are Building Society Fat Cat Directors who help themselves to lots of your money then…

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Contact BSMA

If you have any questions don't hesitate to contact us

The Secretary, BSMA, 49 Clifford Avenue, Taunton, Somerset, TA2 6DL
01823 321304

Our Mission

The fundamental concerns of the Building Societies Members Association are for building societies to be genuinely democratic mutual societies, for full accountability of directors for the benefit of members and to stop practices that are against members interests.

Ballot papers should be democratic and should not be biased or distorted against the interests of members in any way whatsoever. All underhand practices such as the infamous “Quick Vote” and tick boxes hidden in the small print should be banned.

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