Friday, 15 February 2013

Earl Shilton Building Society. Most Consistent Best Cash ISA. Treasurers Account may win award.

Paul Tilley

Earl Shilton Building Society in Leicestershire was founded in Earl Shilton in 1857. It is the 43rd largest building Society in the UK, with total group assets of £101.34m and 11,179 members, over 70 per cent of whom are local. Paul Tilley has been the Chief Executive since January 2012.

Things are now looking up for Earl Shilton which had invested £2 million in Icelandic bank Kaupthing Singer and Friedlander before it collapsed in 2008; the society has now reclaimed 54p in the pound and expects to recover £1.5 million.
  • Paul Tilley reported a 71.19% increase in post-tax profit to £686,150 for the year ended 31st March 2012.

  • The latest Sunday Times Best Buys put Earl Shilton first in their Best Cash Isas, Most Consistent over three years, for the rate of 2.70%. This is good going, as for some time ISAS have been offering less and less. Only Coventry Building Society offers a higher rate of 2.8% AER for its 60 Day Notice ISA (3).
  • Earl Shilton’s Treasurers Account, a business savings account, has been nominated for a national award as a finalist at the 2013 Business Moneyfacts Awards in the Best Business Notice Account Provider category, only a year after launch.
Ketley's Building Society in Birmingham was the first building society in the UK: it was founded in 1775 to provide finance for its members to build houses. 

UK building societies have gone down from a total of 59 in 2008 to only 46 in 2013. Many merged with other building societies or were taken over by banks since the financial crisis of 2007-2010. Building societies are owned by their members, and offer the same services as banks after a change in British banking laws in the 1980s. 
Earl Shilton Building Society
22 The Hollow
Earl Shilton
+44(0)1455 844422