Bath Building Society is a mutual Society. Mutuals are organisations that are owned by, and run for the benefit of, their current and future members.

In the 300+ years since the first one was formed, mutually owned building societies have become an important feature in the financial services landscape, offering a wide range of mortgage and savings products.

Being mutually owned means that anyone opening a savings account or getting a mortgage with a society becomes a member.

The key advantage of this over a stockmarket listed or ‘plc’ bank is that a mutual does not have to pay dividends to its shareholders.

This means that the surplus or profit a society makes can be put back into the organisation to benefit its members. Further details can be found at http://www.mutuo.co.uk/.