Welcome to the BSMA |
The
association that represents building society members who believe in genuine mutuality.
But how does your building society measure up?
Does your society reduce savings interest rates then tell you long after the effective date?
Does your society open new savings accounts and close old ones that lock you into a low interest rate? Have you checked?
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?
Does your society calculate your outstanding mortgage on a daily or a yearly basis?
Does your society impose various extra charges when you obtain or redeem a mortgage?
Are you aware that a product that your society is offering may not be a safe haven but could be linked to the stockmarket?
Have you ever seen copies of the Banking Code on display in a branch office? Have you ever wondered why they are not on display with sales literature?
Do you believe that your society always acts in your best interests?
Do you believe your society is genuinely mutual?
Do you think that building society voting papers are fair and democratic or distorted and biased?
Have you noticed that some voting papers are like works of art? Have you ever wondered why?
Do you believe that the "Quick Vote" is for your benefit?
Have you noticed the little tick box buried in the small print on the back of the voting paper? Do you believe it is hidden there for your benefit or do you think it is another underhand practice?
Do you want a genuinely mutual society that treats you with respect or one that treats you as voting fodder?
Do you not bother to vote because you believe it will not affect your finances?
Do you know all the tricks of the building society trade? Do you wonder why tricks are used?
Then beware and find out more here
BUILDING
SOCIETIES MEMBERS ASSOCIATION
www.building-societies-members.org.uk