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

Who they are

Progressive Building Society began life in 1914 as a mutual organisation formed from the merger of five small building societies in Belfast. More than a century later, it remains rooted in Northern Ireland. As Northern Ireland's largest locally owned financial institution, it emphasises member ownership without external shareholders, reinvesting savings to support local homeownership and community development. The Society operates 11 branches across Northern Ireland and is a member of the Building Societies Association. In 2014 it merged with the City of Derry Building Society , cementing its position as the dominant locally owned player in the region.

Savings accounts

Progressive offers savings products to its members, including fixed-rate bonds, variable-rate accounts and ISAs - though we do not currently have live rate data loaded for them on DepositScout. Because rates change regularly, the live figures shown on this page are the most reliable guide to what is available right now. It is worth checking back often if you are comparing options.

Is it right for you?

Progressive is a genuine mutual - profits are reinvested to benefit members through competitive savings rates and mortgage terms, without the pressure to distribute dividends to outside investors. Membership is automatically conferred on anyone who holds a savings account or mortgage with the Society, granting them ownership stakes and participatory rights, including voting at the Annual General Meeting.

On protection, savings accounts with Progressive Building Society are covered by the British deposit guarantee scheme - that is FSCS protection up to £85,000 per person in the usual way. Progressive holds its own banking licence, so your FSCS limit is not shared with another brand.

If you are based in Northern Ireland and want a locally rooted mutual with a long track record, Progressive is worth a look. As always, compare the live rates shown on this page before you decide.