Nationwide Flex Account Worth Keeping?

roddydogs

Just got the Nasty letter, so Ill pay in £1 to keep it open "Just in case" I ever need it.
PS to be a "Member" you will have needed to keep £100 minimum balance for several years, if it you only NW account

MoneySaverLog

I'm sure the £100 bit is only needed when they decide to demutualise, not that that will ever happen.

W1zz

http://www.nationwide.co.uk/about_nationwide/membership_matters/membership.htm

Which members have voting rights?
Any member who:

is the first-named account holder
is aged 18 or over and
has £100 or more if an investing member, or owes £100 or more if a borrowing member
To vote at our AGM or in the election of Directors, these criteria must be met on specific dates - for example, at the end of our financial year on 4 April and on, or just before, the day of the AGM.


Why must I have invested or borrowed £100 or more to be eligible to vote?
The Building Societies Act 1986 lets us set the minimum amount a member must have invested or borrowed to be eligible. We believe that £100 represents a sufficient financial commitment, entitling a member to have a say in how the Society is run.

MoneySaverLog

I've been a member of this society for a very long time, long before the carpetbagger era. So to be eligible for any carpetbagging I'd need to put £100 in by a key date, not necessarily have invested and available £100 from day 1.