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CarpetBagging- The best accounts to open at each Building Society

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  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    durali wrote: »
    Hi,
    I'm wondering if I should keep my small amounts in several Building Societies in case of demutualisation.
    ...£2000 approx in B Midshires

    B Midshires is already demutualised. It is part of Halifax Bank Of Scotland which in turn is part of the Lloyds Banking Group.
  • jimjames
    jimjames Posts: 18,678 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    durali wrote: »
    Hi,
    I'm wondering if I should keep my small amounts in several Building Societies in case of demutualisation.
    Had them years and trying to do a' tidy up'
    ie £100 in Darlington
    £2000 in Chelsea
    £2000 approx in B Midshires
    Thank you

    UNless the accounts are paying an exceptional rate of interest I wouldn't keep anything over £100 in them but as above BM has already converted many years ago so that is one to cross off.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • durali wrote: »
    Hi,
    I'm wondering if I should keep my small amounts in several Building Societies in case of demutualisation.
    Had them years and trying to do a' tidy up'
    ie £100 in Darlington
    £2000 in Chelsea
    £2000 approx in B Midshires
    Thank you

    Chelsea is now owned by Yorkshire Building Society. But YBS is still a mutual.
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