Who owns Castle Money?
A. Castle Money is a trading name of Skipton Building Society. Skipton Building Society is a mutual, owned by its members (customers with savings or mortgages with the Society) and not by another organisation. This means Skipton doesn’t have shareholders like banks and therefore doesn’t have to pay any dividends from the profit it makes. Instead, profit is re-invested in the Society, meaning Skipton is able to offer better rates and maintain a financially robust business. It’s a simple arrangement but one Skipton has stuck to for over 150 years.
