Who owns building society bank

What is FSCS protection? Kent Reliance is a trading name of OneSavings Bank plc and doesn't share a deposit-taking licence with any other financial institution. Santander UK plc is the 'deposit-taking licence holder' for Cahoot and Santander. Natwest doesn't share a deposit-taking licence with any other financial institution.

Natwest is part of the RBS Group but under its own authorisation. Royal Bank of Scotland is the 'deposit-taking licence holder' for Adam and Company. Those with spare cash could invest it; others could then borrow, using the funds to acquire a house. Lenders would receive interest on their savings; borrowers would be charged it. Rules were drawn up, and a chairman, trustees and directors appointed. Office space was rented in the Old Market, and an announcement placed in the Halifax Guardian.

Amongst the founding fathers were John Fisher, a local bank manager; J. All three played a pivotal role in the Society's early history. Fisher was elected President, and Taylor named Secretary a position he was to hold for nearly 50 years. Then, on 26th May , Hanson became the very first person to be granted a mortgage by the Halifax.

Business was brisk from the start. By pledging themselves to its rules and paying regular subscriptions, investors and borrowers alike became members. Those unable to make regular payments could still save their cash, but as depositors rather than members; they would simply lodge ad hoc sums, as and when they could. Within a year, the Society had members, and a further depositors. Others quickly followed, with one as far afield as Huddersfield by The head office moved too, first to Waterhouse Street, and then to the corner of Crossley Street.

Such was the Society's success that it was able to build grand new offices on Princess Street, moving there in This was to be home for the next 50 years. A giant in the history of the Halifax, Enoch Hill took over as Secretary in He was both President and Managing Director from The important words here are 'per banking licence', as often seemingly unrelated banks can actually fall under the same umbrella.

That means you should always spread your cash across different providers rather than simply brands. To help you work out how safe your cash is we've compiled a list of the biggest British banking and savings providers, showing you who owns whom. With hundreds of different institutions to choose from, we haven't listed them all here.