How safe is Principality Building Society?

How safe is Principality Building Society?

Your eligible deposits with Principality Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any deposits you hold above the limit are unlikely to be covered.

Is Principality Building Society part of Barclays?

Name of payee: The registered name on our account is Principality Building Society. Recipient bank – As a building society we use Barclays Bank as our bank account provider, so don’t worry if you see Barclays appearing as the recipient bank when putting money into your Principality savings account.

Who owns Principality Building Society?

With assets of £10bn it is the largest building society in Wales and the sixth largest in the United Kingdom. Principality Building Society is mutual, which means it is owned by its members rather than shareholders….Principality Building Society.

Type Building Society (Mutual)

What are the opening times for Principality Building Society?

Call us on 0330 333 4000 We are open 9am-5pm weekdays and 9am – 1pm on Saturdays.

Are building societies safer than banks?

Building societies have much more stringent rules to invest by than banks, as the board of directors is beholden to its members and by the laws governing the way a mutual is run. All this means that building societies should be a safe bet, with transparent financial dealings.

Is Principality a building society?

The UK’s 6th largest building society. Over 70 Principality outlets – a network of branches and agencies across Wales.

What countries are principalities?

Generally recognised surviving sovereign principalities are Liechtenstein, Monaco, and the co-principality of Andorra. Extant royal primogenitures styled as principalities include Asturias (Spain).

Is Wales a country or a principality?

The governments of the United Kingdom and of Wales almost invariably define Wales as a country. The Welsh Government says: “Wales is not a Principality. Although we are joined with England by land, and we are part of Great Britain, Wales is a country in its own right.”

What are the disadvantages of building societies?


  • Building societies are not as secure as they have historically been. The choice of mutual is falling and failures have become more commonplace.
  • Many building societies have geographical restrictions.
  • Building societies often have a restricted choice of products.

When do Principality Building Society branches close for bank holiday?

At Principality Building Society, the health and wellbeing of our colleagues is our top priority. During the Summer of 2021, we’ve decided to close our branches and telephone lines on Saturdays that fall on bank holiday weekends to allow those colleagues the chance to enjoy them as much as everyone else.

How to contact the Principality Building Society Cardiff?

Write to us: Principality Building Society PO Box 89 Principality Buildings Queen Street Cardiff CF10 1UA Send us a message Use this form to contact us by email. Because email is not a secure form of communication, please don’t use it for account specific queries.

How long has Principality plastics been in business?

We are a specialist plastic building supplies merchant for both trade and DIY customers. We have been trading for over 26 years, and in that time have built a reputation for affordable but high quality building products that improve the inside and outside of your homes.

Do you have to wear face covering at Principality bank?

Following a review of the government guidance, all Principality colleagues will wear a face covering when in the banking hall, any public area or behind a counter not protected by a Perspex screen. Social distancing will be in effect as normal. View our branch opening times.