Any carpet-baggers out there?

ReportInvestor

£100. But I wouldn't raise your expectations too high.

Edna_Bucket_2

ReportInvestor wrote:

£100. But I wouldn't raise your expectations too high.

Particularly if the "cuddly" Nationwide bring in charges on that current account of yours to erode any possible (and doubtful) future windfall gain.

Froggitt

seven-day-weekend wrote:

alared wrote:

The last I remember was Portman taking over some other smaller society but they only gave the customers 5% of their account balance.
Anyone with the basic £100 got the grand total of a fiver.
Portman`s customers got nowt.
QUOTE]
I don't think this is true.

Its partially true.....but it wasnt the last takeover that they did - it was about ten years ago.

When The Porkers took over The Greenwich Building Society, they paid 5% of balances as a windfall. My fiver did not take long to burn a hole in my pocket.

cheggers

maz168 wrote:

Hi,

Does anyone know how much you need to have in you nationwide current account to possibly be in for anything?

Thanks,

Bad luck, a current account would not qualify you as I voting member I suspect. I suggest you open a savings account with them and stick £100 in it. Even then you may miss out as all accounts opened after 1997 signed windfalls away for life.

s71hj

I carpetbagged first time round, profitting from a+l, scotish widows and life, b+b. The renewed focus on merger carpetbagging has passed me by until now. Anybody have any top tips on likely candidates with £100 accounts paying high interest, or regular savers that let you pay in £100 then reduce monthly contribution to £10 or£20?.

LizEstelle

cheggers wrote:

Bad luck, a current account would not qualify you as I voting member I suspect. I suggest you open a savings account with them and stick £100 in it. Even then you may miss out as all accounts opened after 1997 signed windfalls away for life.

Yes, right...

The next carpetbagging opportunity will occur as soon as the next particular board of directors is made personal bribes (or invent them for themselves) of sufficent size to allow them to forget whatever personal 'mutuality principles' they profess to have.

Nationwide are no different, despite protestations to the contrary. Accounts with 'windfall rights signed away' will, as if by magic, find that said rights are suddenly restored in full splendour and majesty.

Hey presto, Nationwide's board will, with miraculous speed born of thoughts of personal gain, find itself possessed of such enthusiasm for plc status that one would imagine they could never possibly have entertained any opposing thought.

Such is the way of the commercial/financial world, sadly. Watch this space...

Robert_Sterling

Se a current thread:- Christmas comes early at Derbyshire Building Society.

s71hj

Robert_Sterling wrote:

Se a current thread:- Christmas comes early at Derbyshire Building Society.

Thanks - I'm onto that one, and have also found coventry netsave instant 3 which seems pretty reasonable.

ReportInvestor

LizEstelle wrote:

The next carpetbagging opportunity will occur as soon as the next particular board of directors is made personal bribes (or invent them for themselves) of sufficent size to allow them to forget whatever personal 'mutuality principles' they profess to have.

Nationwide are no different, despite protestations to the contrary. Accounts with 'windfall rights signed away' will, as if by magic, find that said rights are suddenly restored in full splendour and majesty.

Hey presto, Nationwide's board will, with miraculous speed born of thoughts of personal gain, find itself possessed of such enthusiasm for plc status that one would imagine they could never possibly have entertained any opposing thought.

Such is the way of the commercial/financial world, sadly. Watch this space...

You hard-nosed cynic.

Thank goodness there are some of us around with more belief in the virtues of mutuality - when accompanied by a decent business ethic and proper accountability to members .

I still have faith in the Nationwide board.

Chadsman

All holders of a Nationwide Flexaccount (ie: their current account) are members of the Society.
:beer: