Banks and the economy
Thornbury Building Society
Building society
Owned by its members, not shareholders. The best fixed-term savings, long low-rate loans, and a bonus for members who stay.
- Best fixed-term rates
- Long loans at low rates
- Members' bonus: +0.25% on savings after 30 days
Savings
Rates are the Bank Rate (4%) plus or minus this bank's margin, and never below 0%. Members' bonus: +0.25% on top once your account is 30 days old.
| Account | Type | Rate a year | Bank Rate plus | Smallest deposit |
|---|---|---|---|---|
| Members' Saver | Easy access | 2.50% | -1.5 | £1 |
| 14-day Bond | Fixed for 14 days (locked, no early withdrawal) | 4.50% | +0.5 | £100 |
| 60-day Bond | Fixed for 60 days (locked, no early withdrawal) | 5.50% | +1.5 | £1,000 |
Log in to save or borrow.
Loans
| Loan | Amount | Longest term | Rate a year | Bank Rate plus | Credit score needed |
|---|---|---|---|---|---|
| Home Loan | £5,000 to £50,000 | 52 weeks | 5.50% | +1.5 | 680 |
| Members' Loan | £500 to £5,000 | 26 weeks | 8.00% | +4 | 620 |
The bank's money
| Cash in reserve | £150,000 |
| Savers' deposits (what it owes savers) | £0 |
| Cash it must keep (35% of deposits) | £0 |
| Loans still owed to it | £0 |
| Shares it owns, at today's prices | £0 |
| Capital (its own money) | £150,000 |
| All money ever lent / paid back | £0 / £0 |
| Interest earned on loans / paid to savers | £0 / £0 |
| Dividends from shares | £0 |
| Lost to defaults (0 loans) | £0 |
Investments
Once a day Thornbury Building Society looks at the UKOGB Stock Exchange and follows these rules:
- It keeps 35% of savers' money as cash, and aims to have 20% of the rest of its money in shares.
- It buys companies whose price is at least 10% below their recent average (the last 30 trades), the best bargains first.
- It sells half of a holding once its price is 20% or more above the recent average, and sells shares if its cash falls below what it must keep.
- No one company may be more than 8% of its money, and it places at most 1 order a day, at the last traded price. Orders not filled by the next day are cancelled. It pays stamp duty like anyone else.
It doesn't own any shares yet. It last looked on 22 October 2026.
Recent activity
Nothing yet.