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Portman merger with Nationwide Payouts?

2

Comments

  • mistah
    mistah Posts: 91 Forumite
    Vote NO to the merger. Nationwide are trying to buy Portman on the cheap!
  • jennyjelly
    jennyjelly Posts: 1,708 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Lorian wrote: »
    We do, they won't. Other than being a member of a bigger society.

    Bummer! :mad:
    Oh dear, here we go again.
  • Ive had it on good authority that Internally the Nationwide are already gearing up to go PLC!!!! Watch this space as they say!!!!
  • ReportInvestor
    ReportInvestor Posts: 3,646 Forumite
    On whose authority?

    The new CEO recently gave the thumbs down to free banking. Which doesn't exactly tally with their recent niche advertising :(.
  • jennyjelly
    jennyjelly Posts: 1,708 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Ive had it on good authority that Internally the Nationwide are already gearing up to go PLC!!!! Watch this space as they say!!!!

    Oh I do hope so!

    We've been with them since the 1970s so I think we're due a bit of a reward! :T
    Oh dear, here we go again.
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Save&Spend wrote: »
    5.75% of the saving amount if higher...

    Is there a cap on maximum amount payout? £100k saving, that would be £5750 payout.

    Yes The caps £1,000 I'm a little peed off as I had £50,000 in various Accounts, but it's still free money so I can't complain!
  • arrowsmith
    arrowsmith Posts: 197 Forumite
    I'm a portman member, took out an 8% regular saver ISA last April. Really it's sad to see another building society go but the branch I visit never seems to have any customers and most of their savings products are just above average.

    :j Happy to be getting a payout of course !
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    arrowsmith wrote: »
    I'm a portman member, took out an 8% regular saver ISA last April. Really it's sad to see another building society go but the branch I visit never seems to have any customers and most of their savings products are just above average.

    :j Happy to be getting a payout of course !
    Well the Nationwide branch I have to use always has queues - so you'll have plenty of people to bump into after the consolidation...
    .....under construction.... COVID is a [discontinued] scam
  • Jarlawuk
    Jarlawuk Posts: 555 Forumite
    Might as well - no real disadvantage, more benefits with banking with Nationwide and free money. I'll be voting yes heh.
  • We also both got a windfall when Portman took over Staffordshire. Now we'll both get another and hopefully a third when it goes plc!
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
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