Carpetbagging - is it worth it?

spalding

Anyone know where you can find a list of building societys? Maybe with a guide to size?

bristolleedsfan

spalding wrote: »

Anyone know where you can find a list of building societys? Maybe with a guide to size?

http://www.rpoints.com/carpetbagger/societies.php


http://www.bsa.org.uk/aboutus/buildsocmember.htm

spalding

Thanks for the info

bristolleedsfan

spalding wrote: »

Thanks for the info

yw when people say, Is speculating on BS consoldation worth it, up to people to make sure their 100.00 is in best paying account so that specularive losses ( interest losses) are minimised.

spalding

Anyone any tips for good Building societys/Accounts to put money in? With carpet bagging in mind

bristolleedsfan

spalding wrote: »

Anyone any tips for good Building societys/Accounts to put money in? With carpet bagging in mind

imo good idea to have top 20 covered + saffron, darlington, ( if u can get in)
monmouthshire xmas saver deposit 100.00 then do 1.00 a month is a no loss speculative bet.

baby_boomer

quinlanmd wrote: »

I think something more along the lines of the Portman's takeover of the Greenwich some years back is more likely if the tiddlers are swallowed up (interest bonus as opposed to cash payouts).

I don't want to quibble about semantics - but it's all cash to me !

The credit crunch will have reduced the value of societies along with the value of the mortgage banks even though societies don't have quite the same the funding issues as some mortgage banks.

Recent payouts have raised expectations, and the internet means BSs can't take members quite so much for granted, so any future mergers might well need a £100+ minimum payout. compared to the usual £50 minimum of the late 1990s.

Whether it's worth the candle has to come down to individual savers whose own time administering the account is worth different amounts to different people - even before any assessment of merger probability.

The current batch of BS directors are paying themselves such huge sums of our money anyway that I personally can't see a compelling reason for voluntary mergers. Most will only go when they have to.

bristolleedsfan

baby_boomer wrote: »

I don't want to quibble about semantics - but it's all cash to me !

The credit crunch will have reduced the value of societies along with the value of the mortgage banks even though societies don't have quite the same the funding issues as some mortgage banks.

Recent payouts have raised expectations, and the internet means BSs can't take members quite so much for granted, so any future mergers might well need a £100+ minimum payout. compared to the usual £50 minimum of the late 1990s.

Whether it's worth the candle has to come down to individual savers whose own time administering the account is worth different amounts to different people - even before any assessment of merger probability.

The current batch of BS directors are paying themselves such huge sums of our money anyway that I personally can't see a compelling reason for voluntary mergers. Most will only go when they have to.

bit off topic, welcome back to posting in savings section baby_boomer after your apparent long xmas/new year break. :j

Jake'sGran

Fella wrote: »

Nationwide & KRBS are my top tips.

Chelsea & Skipton have been tipped to convert for years. They haven't done it yet but they still get regularly mentioned when people are speculating on which BSs might convert.

I am already with Nationwide - some of their bonds are very good for long standing members in case anyone thinks their rates are not attractive. And last year I took out two bonds (minimim amounts) with KRBS for me and OH in the event of them being bought by some institution.

Jake'sGran

[quote=bristolleedsfan;7601345
re other preference shares u hold, does the name Birmingham Midshires ring any bells. [/quote]

Wasn't that the Halifax one? You must excuse my vagueness - not been well - aw...:o - had my heart zapped yesterday (to get the rhythm back to normal sinus). It appeared to have worked so my posts might make more sense in future.:j