Worth keeping Halifax and Alliance&Leicester accounts open?

needmoneyadvice · 11 March 2008 at 3:46PM

This is my first time posting a thread so I apologise if this has already been asked. I have looked but couldn't find anything.

Basically I have just over £100 in a Halifax account and an Alliance&Leicester account. I'm keeping them open in case they merge etc. It's only because I know some of the building societies have merged and people have made money by having accounts open.

Does the same thing apply if the accounts are with banks? Sorry if it's a stupid question but I honestly don't know the answer.

Also is it still worth opening Building society accounts in case they merge/demutualise?

Thank you very much in advance for any advice you can give me.

bristolleedsfan · 11 March 2008 at 3:56PM

needmoneyadvice wrote: »

This is my first time posting a thread so I apologise if this has already been asked. I have looked but couldn't find anything.

Basically I have just over £100 in a Halifax account and an Alliance&Leicester account. I'm keeping them open in case they merge etc. It's only because I know some of the building societies have merged and people have made money by having accounts open.

Does the same thing apply if the accounts are with banks? Sorry if it's a stupid question but I honestly don't know the answer.

Also is it still worth opening Building society accounts in case they merge/demutualise?

Thank you very much in advance for any advice you can give me.

PLC accounts are deposit accounts, only people who would gain from a PLC merger are Shareholders.

Halifax have already been bought by Bank Of Scotland.

Always worth keeping 100.00 in a Building Society Account (s).

needmoneyadvice · 11 March 2008 at 4:05PM

Thank you so much for your advice. I will get the money out of these accounts and close these accounts and put the money into a building society account. Any in particular you would recommend?

bristolleedsfan · 11 March 2008 at 4:54PM

needmoneyadvice wrote: »

Thank you so much for your advice. I will get the money out of these accounts and close these accounts and put the money into a building society account. Any in particular you would recommend?

Best if u put names in a hat and pick however many u plan to open.

Toastie · 13 March 2008 at 1:06AM

Would £10 do in a building society do? I wouldn't mind a windfall

bristolleedsfan · 13 March 2008 at 10:02AM

Toastie wrote: »

Would £10 do in a building society do? I wouldn't mind a windfall

Minimum for any BS merger payments is 100.00, their is no guarantee of who will merge, nore when, in fact their is no guarantee their will be any mergers.

Worth keeping Halifax and Alliance&Leicester accounts open?

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