BS'd by Dunfermline BS

VfM4meplse

I have had a remote account with Dunfermline for over 12 years, during which time my monthly SOs have built up into a nice fund that has paid a good rate of interest. The account matured this week and the default is a "gold" account with an anything but golden return of 0.1% pa. When my other postal accounts have approached maturity, the relevent building society has always offered an attractive alternative but not in the case of Dunfermline. Instead Dunfermline BS has stopped postal accounts (I see from the website that there is a direct saver account that can be operated by telephone also paying a miserly rate) although the lady I spoke to on the phone this morning couldn't give any explanation as to why this is.

I didn't share my initial suspicion that this strategy was to exclude non-Scottish investors! At the rates on offer does the Dunfermline BS really want anyone - north or south of the border - to invest in it's products?

opinions4u

May be there is a clear plan by Nationwide to run down the Dunfermline brand.

At the end of the day, if you don't like the rate take your money elsewhere.

www.moneyfacts.co.uk/savings.

mikey72

Two year bond, 3.25%?

scott_lithgows

VfM4meplse wrote: »

I have had a remote account with Dunfermline for over 12 years, during which time my monthly SOs have built up into a nice fund that has paid a good rate of interest. The account matured this week and the default is a "gold" account with an anything but golden return of 0.1% pa. When my other postal accounts have approached maturity, the relevent building society has always offered an attractive alternative but not in the case of Dunfermline. Instead Dunfermline BS has stopped postal accounts (I see from the website that there is a direct saver account that can be operated by telephone also paying a miserly rate) although the lady I spoke to on the phone this morning couldn't give any explanation as to why this is.

I didn't share my initial suspicion that this strategy was to exclude non-Scottish investors! At the rates on offer does the Dunfermline BS really want anyone - north or south of the border - to invest in it's products?

Same thing happened to me,had account running for over a decade and was switched a few times to different issues of the monthly saver.

What annoyed me is that they have a new one,issue 7 but you would have to set it up yourself,instead I looked at the comparism tables and opened a new one at a diff building society.

The gold account is now closed and a email sent to DBS head office.

ps I,m in Scotland so nothing to do with your location,more likely opinions4u is on right track.I reckon they will be rebranded in next couple of years.