Virgin to merge with Clydesdale & yorkshire
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Mnd
Posts: 1,699 Forumite
Just been announced on 5live
Headquarters to be in Glasgow
Headquarters to be in Glasgow
No.79 save £12k in 2020. Total end May £11610
Annual target £24000
Annual target £24000
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Interesting news. I recently moved my mortgage from Yorkshire to Virgin Money. Looks like it will be moving back.0
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It may spell the end of Virgin's half decent, by todays standards, regular saver products. So I guess I'm not in favour of a merger.0
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Clydesdale have had good savings products previously.0
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So 2 x £85000 FSCS limits will be reduced to 1.
I have large, multi-year cash ISAs with each bank and numerous RS's with Virgin - I'm going to break through the limit by quite a margin. Looks like I'm going to be searching for a new home for some of my stash.0 -
So 2 x £85000 FSCS limits will be reduced to 1.
I have large, multi-year cash ISAs with each bank and numerous RS's with Virgin - I'm going to break through the limit by quite a margin. Looks like I'm going to be searching for a new home for some of my stash.0 -
Not surprised, their rates haven't been as competitive recently for a supposed challenger bank and lost some major investor backing a few years ago. Shame as they offered good savings accounts.0
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Not necessarily. Bank of Scotland is part of LBG but has it's own licence. Same with NatWest and RBSUnder the deal, all the group's retail customers will be moved to Virgin Money over the next three years.0
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I have a few savings accounts with Virgin Money, be interesting to see the merger progress.0
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