Loughborough Building Society savings rates — compare every account, plus switch offers and guides

Who they are

Loughborough Building Society is a UK building society headquartered in Loughborough, Leicestershire, with roots going back to 1867, when it was founded by local businessmen as the Loughborough Permanent Investment, Land and Building Society. Today it remains an independent mutual, meaning it is owned by its customers - its savers and borrowers - rather than by external shareholders. Because there are no outside shareholders to answer to, every decision is shaped by what is right for members, with success reinvested into the society to support long-term value and service.

The society operates a focused branch network in the East Midlands, with four full branches in Loughborough, Derby, Long Eaton, and Anstey, plus an agency arrangement in Southwell. It is a genuinely small, community-rooted institution - total assets stood at around £556 million in 2025, making it the 27th largest building society in the UK.

Savings accounts

The DepositScout data does not currently list any live savings products for Loughborough Building Society. That means we cannot quote specific rates here, and you should check the live figures shown on this page for what is available right now. What we can say is that the society offers a range of instant access and limited access savings accounts, with some accounts openable from as little as £1.

One thing worth knowing before you apply: applications for new savings accounts have to be made by post, though after opening it is possible to send subsequent deposits by Faster Payment. There is no online banking, so if managing your money digitally is important to you, that is worth bearing in mind before committing.

FSCS protection

Your savings here are covered by the Financial Services Compensation Scheme. Loughborough Building Society holds its own licence - it does not share with any other brand - so the full £120,000 FSCS limit applies solely to your deposits here. The FSCS protects eligible deposits up to £120,000 per person, per banking licence, a limit that rose from £85,000 on 1 December 2025.

Is it right for you?

Loughborough Building Society suits savers who value a traditional, personal touch over digital convenience. Its savings service is noted for friendly, knowledgeable staff and a personal approach - and branch visits or phone calls are generally how things get done. Savings customers who want online banking or the very sharpest rates on the market may find it less suited to their needs.

If you are happy posting an application form and appreciate dealing with a genuine community institution that has served the East Midlands for over 150 years, it is well worth a look. As always, rates change regularly - check the live figures on this page to see exactly what Loughborough Building Society is offering right now.