MSE News: Nationwide to ditch Cheshire, Derbyshire and Dunfermline brands

Former_MSE_Helen

"Just over one million Cheshire, Derbyshire and Dunfermline customers are to be moved to Nationwide by mid 2015..."

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Nationwide to ditch Cheshire, Derbyshire and Dunfermline brands



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talexuser

Hmm.. I'm getting 2.5 % in the Derbyshire, and there is no commitment yet to keep same T&Cs for savings customers. The bonus will probably run out anyway before the merge but it does not bode well for top rates for the future, Nationwide are not really known for best rates for large easy access sums.

System

I am actually happy about it ( bar any actual job losses) - they are all failed organisations and best to just move on.

Nationwide removed a busy agency facilities within 2 mins walking distance of a Dunfermline branch. It annoyed me that that I had a 15 min drive to the closest alternative. I expect it will be getting re-branded based upon its location.

I wonder if Yorkshire will be doing it with the N&P and Chelsea in the near future? I don't see any value with those brands over the YBS one.

Nicholas-bloody-Parsons

talexuser wrote: »

Hmm.. I'm getting 2.5 % in the Derbyshire, and there is no commitment yet to keep same T&Cs for savings customers. The bonus will probably run out anyway before the merge but it does not bode well for top rates for the future, Nationwide are not really known for best rates for large easy access sums.

This is more about high street presence, duplicate branches, merging IT systems and making savings through integration.

Ive scanned the news and it says little about online; which must cost them very little to run. It may be that they will keep the Derbyshire website as a online brand, to target best buy tables, and rate tarts.

Cant say i look forward to less choice in the savings tables.

Either way, this wont affect Derbyshire online customers until 2015.

typistretired

Nicholas-bloody-Parsons wrote: »

It may be that they will keep the Derbyshire website as a online brand, to target best buy tables, and rate tarts.

Cant say i look forward to less choice in the savings tables.

Either way, this wont affect Derbyshire online customers until 2015.

I hope they don't keep the Derbyshire Website as it is, it is one of worst customer friendly sites I have ever come across, so basic!!

namecheck

typistretired wrote: »

I hope they don't keep the Derbyshire Website as it is, it is one of worst customer friendly sites I have ever come across, so basic!!

Yes it's shocking. And I get particularly annoyed that withdrawals (to the nominated account) do not appear until the end of the next working day.

talexuser

Nicholas-bloody-Parsons wrote: »

Either way, this wont affect Derbyshire online customers until 2015.

Yes, but I've had I think 3 different Derbyshire accounts at different times over the past 6 or more years because of the leading rate, but never had a Nationwide.

dwsjarcmcd

Heng_Leng wrote: »

I wonder if Yorkshire will be doing it with the N&P and Chelsea in the near future? I don't see any value with those brands over the YBS one.

Not sure what value what value there is in the YBS brand!

pqrdef

The curse of MSE strikes again. These societies paid good rates because they kept a low profile and didn't attract too much money. As soon as Martin Lewis started pushing the Derbyshire = Nationwide angle in the mailshot, there was no longer any point in Derbyshire's separate existence.

There was a reason why NetSavers and Platinum Monthly Savers weren't available under the Nationwide brand. It's called market segmentation.

System

It's the building society's legal name.
It's not the name of a failed organisation that needed to be taken over.
As with Nationwide, I'm sure its more cost effective to have a single YBS branch network.
As with Nationwide, customers could use all branches.

dwsjarcmcd wrote: »

Not sure what value what value there is in the YBS brand!

IMHO - being a sub-brand of Nationwide is only a consideration if the depositor is going to exceed the 85k protection limit.

pqrdef wrote: »

The curse of MSE strikes again. These societies paid good rates because they kept a low profile and didn't attract too much money. As soon as Martin Lewis started pushing the Derbyshire = Nationwide angle in the mailshot, there was no longer any point in Derbyshire's separate existence.

There was a reason why NetSavers and Platinum Monthly Savers weren't available under the Nationwide brand. It's called market segmentation.

dawyldthing

I bet the Derbyshire in our town will end up closing as it is 3 doors away from the local Nationwide. It is sad though as a lot of there staff has just been moved less than 6 months ago from the local Derbyshire in the next village as that shut down as it wasn't profitable and will now possibly move again or lose there jobs in the next 2 years. Plus a lot of the people that go in there use passbooks and the Nationwide is really small so Nationwide might be the ones to move in the end as the Derbyshire is a lot bigger. Either way its sad if there is yet more job losses