Windfall - Nationwide????

wolvesinwales

Any thoughts on the Portman ?
Thanks

Prudent

cheggers wrote:

Keep the account, only if you openend the account before they introduced the life time sign away clause (think it was about 1997/8)

Make sure you have the £180 in top paying account, or drop the balance to £100 the minimum ammount required to be a member.

If you want a windfall you should be targeting opening accounts with building societies that are 15th to 30th largest societies as these are more likely to lead to windfalls.

I think you need to have the account for five years now before you can claim members rights.

Thefunkygibbons

I keep £2k there but I don't hope for anything

It is my absolute backstop rainy day fund

just before
Selling the kids into slavery

miaxmia

pkjks wrote:

I've been haging on to a nationwide account for years, in the hope of a windfall. Is it worth hanging on in there? I have approx £180 in there.

Me too - I would take the £80 out and just leave £100 (assuming the rules would remain the same, i.e. that a qualifying account is an account with £100 in it), but I also have kept hold of Portman Building Society accounts and Britannia, just in case. Anybody got any views on the likelihood of these two demutualising?

ReportInvestor

I can't see why they would. They are both expanding, organically and by acquisition, without needing to convert.

cheggers

Prudent wrote:

I think you need to have the account for five years now before you can claim members rights.

You are wrong! Nationwide have a life time signaway clause on all account opened after 1997/98.

If the do go plc and you opened an account recently you will get nothing.

Terry_D

Thefunkygibbons wrote:

I keep £2k there but I don't hope for anything

It is my absolute backstop rainy day fund

just before
Selling the kids into slavery

You sure you got that the right way round?:rotfl:

I've just got a voting form for NW and having read the Board candidate's statements, they are all for staying mutual. 5 candidates for 5 places so no chance of tactical voting. I only replied as they are giving 10p to charity for each one received.

Thrifty_2

I am sorry to say all us carpetbaggers have had our day i can not see Nationwide demutualising but on the off chance i leave a small amount in my account i have just received my voting form and as previous post said they are all for staying mutual.

alared

I would say there`s more chance of a spaceship landing in your garden and a little green man getting out and giving you £1,000,000 than getting anything from Nationwide.

codetown

thor wrote:

The only selling point I can see with NW is that they don't charge a foreign transaction fee when using a cc. Apart from that they are no worse or better than the majority of the banks.

They also have free withdrawals of money with your debit card abroad, which is also not found anywhere else and extremly useful (oters charge you a lot!).

And after that I like the fact they are practically everywhere, so if I need to speak to someone in a branch I have no difficulties in finding a Nationwide one. Also they are solid financially and do not make you feel unconfortable with your savings as toher institutions do.

I was always in favour of a mutual organisation, even if the management salaries have reached today points of a full bank and should be brought down to reality.