Planning ahead, Virgin &, Nationwide Customers

jimjames

wmb194 said:

bigbars said:

I may have interpreted it incorrectly, but these statements would lead me to believe that once the brand is fully absorbed, its license would also so would fall under the Nationwide license, like how egg disappeared, I may be wrong, I think the others were treated as separate entities so retained their respective licenses :

The move will eventually result in the Virgin Money brand disappearing from the high street, but this is unlikely to happen before 2030.

Long-term Virgin Money customers may be familiar with takeovers. The brand was previously bought by CYBG, the owner of Clydesdale Bank. 

If this deal goes through, however, it will eventually result in the Virgin Money brand disappearing altogether.

 Anyway, we'll see and I wouldn't worry about it.

I think this is the key bit, what might or might not happen in 6 years time is so far away to not need to worry now

flaneurs_lobster

bigbars said:

I'm taking VM's 1 Yr Fix at 4.5% tomorrow, it's not the most competitive coming from a maturing 1 Yr Fix at 5.71%.

Probably too late if you've already transferred but VM have 5.05% 1yr fix if you open a current account.

bigbars

flaneurs_lobster said:

bigbars said:

I'm taking VM's 1 Yr Fix at 4.5% tomorrow, it's not the most competitive coming from a maturing 1 Yr Fix at 5.71%.

Probably too late if you've already transferred but VM have 5.05% 1yr fix if you open a current account.

Thanks for the suggestion. But I didn’t want another new current account with them.