CarpetBagging- The best accounts to open at each Building Society

baby_boomer

As it does mine. I did say occasional good rates.

The two accounts I nabbed at 7% and 7.5% are no longer available, and I'm certainly not putting any new money their way.

steady__eddie

http://www.sundayherald.com/business/businessnews/display.var.2495481.0.dunfermline_building_society_plays_down_merger_talk.php

If correct, I suspect that the owners of the aforesaid will be mugged if recent history is anything to go by.

bristolleedsfan

steady__eddie wrote: »

http://www.sundayherald.com/business/businessnews/display.var.2495481.0.dunfermline_building_society_plays_down_merger_talk.php

If correct, I suspect that the owners of the aforesaid will be mugged if recent history is anything to go by.

Another 12 years ish of waiting and hoping gonna bear no fruits.

Milarky

(not in our original list)

Ipswich Building Society
Freepost ANG4149
PO Box 547
Ipswich
IP3 9ZW

(they use 'ANG4149' as 'Response Licence Number')

Milarky

Another one:

Saffron Building Society
Freepost CB247
1A Market Street
Saffron Walden
CB10 1HX

(again, based on the use of their 'Response Service' Licence Number)

sabretoothtigger

Did any of them convert since the start of this thread, I think the banking boom is over somehow?

Milarky

sabretoothtigger wrote: »

Did any of them convert since the start of this thread, I think the banking boom is over somehow?

As mentioned before, a benefit of having many bs accounts set up was in making it easier to satisfy I.D. requirements as existing customer/member or, occasionally, where existing membership allowed you to benefit from better products (presumably because B/socs were looking for extra cash but not extra customers) I was amused when Bucks (1 branch) referred in their annual newsletter to a 35% increase in membership in one year!

Milarky

And another one:

Furness Building Society
Freepost LA302
51/55 Duke Street
Barrow-in-Furness
LA14 2BR

(based on the use of their 'Business Reply Service' Licence Number)

IanManc

Carpetbagging is dead.

Every building society that paid windfalls and converted into a bank failed financially, so it is very unlikely that anyone would follow that utterly bankrupt business model again.

As well as that, in the last few years the Derbyshire, Cheshire, Dunfermline, Chelsea, Barnsley, Norwich and Peterborough, Scarborough, Stroud and Swindon, and Chesham have all merged with - i.e. have been rescued by - other building societies, and Britannia was taken over by Co-operative Bank, and not a penny in windfalls has been paid in any of these cases.

Old_Slaphead

IanManc wrote: »

As well as that, in the last few years the Derbyshire, Cheshire, Dunfermline, Chelsea, Barnsley, Norwich and Peterborough, Scarborough, Mercantile, Stroud and Swindon, and Chesham have all merged with - i.e. have been rescued by - other building societies, and Britannia was taken over by Co-operative Bank, and not a penny in windfalls has been paid in any of these cases.

Not quite!

There was a payout with Mercantile BS "merger"