Dunfermline Building Society

Just over one million Cheshire, Derbyshire and Dunfermline customers are to be moved to Nationwide, after the building society announced plans to scrap the three brands.

Coventry Building Society has revealed today it will swallow up Stroud & Swindon (S&S) Building Society in the latest mutual merger.

Savers have received another lift with the introduction of three best-buy accounts today.

UK building societies have insisted they are still a safe haven for savers, despite a raft of major mutuals having their financial strength called into question this week.

Nationwide Building Society has today bought the savings arm of the troubled Dunfermline BS.

The Treasury says it will take “whatever steps necessary” to protect savers' money in the troubled Dunfermline Building Society.