Nationwide Building Society Loyalty!

happybagger

Moved £100 from my "15 year loyalty" 0.25% account to an alternative instant access 0.8% account with them to retain membership with voting rights (for what it's worth), and moved the rest elsewhere.

alypen

I'm not sure that 0.8% account exists now, either!

margaretx9

happybagger said:

Moved £100 from my "15 year loyalty" 0.25% account to an alternative instant access 0.8% account with them to retain membership with voting rights (for what it's worth), and moved the rest elsewhere.

The Nationwide AGM is normally held in July. So be sure to express your support for the efforts of the Nationwide board by re-electing them all!

alypen

Yeah, right.

epm-84

margaretx9 said:

happybagger said:

Moved £100 from my "15 year loyalty" 0.25% account to an alternative instant access 0.8% account with them to retain membership with voting rights (for what it's worth), and moved the rest elsewhere.

The Nationwide AGM is normally held in July. So be sure to express your support for the efforts of the Nationwide board by re-electing them all!

What would they (or any building society) do if members rejected all the nominations, given they only usually nominate their preferred candidate for each position, opposed to giving a choice and giving the position to the person with the most votes?

Sailtheworld

epm-84 said:

margaretx9 said:

happybagger said:

Moved £100 from my "15 year loyalty" 0.25% account to an alternative instant access 0.8% account with them to retain membership with voting rights (for what it's worth), and moved the rest elsewhere.

The Nationwide AGM is normally held in July. So be sure to express your support for the efforts of the Nationwide board by re-electing them all!

What would they (or any building society) do if members rejected all the nominations, given they only usually nominate their preferred candidate for each position, opposed to giving a choice and giving the position to the person with the most votes?

A member with the support of 250 other members can put themselves up for election at the AGM.

eskbanker

epm-84 said:

margaretx9 said:

happybagger said:

Moved £100 from my "15 year loyalty" 0.25% account to an alternative instant access 0.8% account with them to retain membership with voting rights (for what it's worth), and moved the rest elsewhere.

The Nationwide AGM is normally held in July. So be sure to express your support for the efforts of the Nationwide board by re-electing them all!

What would they (or any building society) do if members rejected all the nominations, given they only usually nominate their preferred candidate for each position, opposed to giving a choice and giving the position to the person with the most votes?

Anyone believing that it's democracy in action can soon be relieved of that impression by seeing the 95+% voting for each of the candidates - good luck trying to make any impact on the politburo against those odds!

https://www.nationwide.co.uk/about/corporate-information/the-agm

digalumps

A completely contrary position of course is that we should be glad Nationwide are reducing interest rates in these difficult times to make sure that they do not get into financial trouble, collapse and then make us all claim under the fscs scheme

talexuser

digalumps said:

A completely contrary position of course is that we should be glad Nationwide are reducing interest rates in these difficult times to make sure that they do not get into financial trouble, collapse and then make us all claim under the fscs scheme

Hey, that;s great! Never thought of it like that. They should give themselves another couple of million bonus for being so thoughtful. 

digalumps

exactly - glad you agree !