building society
noun

a financial institution which accepts and pays interest on deposits, and lends money to people who are buying property against the security of the property which is being bought

Examples
  • We put our savings into a building society or into a building society account.

  • I have an account with the Nationwide Building Society.

  • I saw the building society manager to ask for a mortgage.

(Note The US term is savings and loan.)
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deposit taking institution
paying in book
building and loan association
remortgage
demutualisation
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