Originally posted by Likely
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Reply to: Safe to move to alliance-leicester ?
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Previously on "Safe to move to alliance-leicester ?"
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Originally posted by expat View PostMaybe not worrying, but companies that take over others in order to acquire their network, or just to eliminate them as competition, often do not feel inclined to keep the victim's products as they are.
Ex 1. Woolwich current and savings accounts both allowed ATM withdrawals, on the same card (choice of account). Taken over by Barclays. Savings accounts now withdrawal in branch only.
Ex 2. (not bank, but same principle). Bauknecht made white goods with a neat (IMO) Germanic style. Taken over by Philips. Bauknecht product range now just like Philips.
So..... A&L offer good rates. Taken over by Santander. ... expect A&L products to be available still, but to resemble Santander products. How are their rates?
You are right. Santander is Abbey , which is tulipty at the moment but most are these days..
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Originally posted by Likely View PostI want to move to them because they seem to offer the best rates..... Surely being taken over by Santander should not be worrying ... besides possible operational / organisational woes later when they consolidate with Abbey ...
Ex 1. Woolwich current and savings accounts both allowed ATM withdrawals, on the same card (choice of account). Taken over by Barclays. Savings accounts now withdrawal in branch only.
Ex 2. (not bank, but same principle). Bauknecht made white goods with a neat (IMO) Germanic style. Taken over by Philips. Bauknecht product range now just like Philips.
So..... A&L offer good rates. Taken over by Santander. ... expect A&L products to be available still, but to resemble Santander products. How are their rates?
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Originally posted by Archangel View PostBank of Scotland Business offer a better deposit rate (currently 5.25%)
I think Northern Rock offer a better rate, but the account is postal.
The first 35k (per institution) is protected anyway for individuals and small companies
HTH
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Originally posted by Likely View PostI want to move to them because they seem to offer the best rates..... Surely ...
I think Northern Rock offer a better rate, but the account is postal.
The first 35k (per institution) is protected anyway for individuals and small companies
HTH
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Originally posted by Likely View PostI want to move to them because they seem to offer the best rates..... Surely being taken over by Santander should not be worrying ... besides possible operational / organisational woes later when they consolidate with Abbey ...
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Originally posted by ace00 View PostProfitable in the sense they can sack the backoffice as they already own Abbey.
I think government guarantees 30k or so now.
Bradford & Bingley offer a good rate too
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Originally posted by oracleslave View PostSurely you buy a business that has profitable prospects though?
I think government guarantees 30k or so now.
Bradford & Bingley offer a good rate too
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Originally posted by Likely View PostNot true , you normally don't sell business that has profitable prospects ... but then Santander should be good enough to grant stability..
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Originally posted by oracleslave View PostCan't see any risk in moving to them. The takeover is a vote of confidence in them by Santander as I see it.
I could be completely wrong though...
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Originally posted by Likely View PostI want to move to them because they seem to offer the best rates..... Surely being taken over by Santander should not be worrying ... besides possible operational / organisational woes later when they consolidate with Abbey ...
I could be completely wrong though...
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Safe to move to alliance-leicester ?
I want to move to them because they seem to offer the best rates..... Surely being taken over by Santander should not be worrying ... besides possible operational / organisational woes later when they consolidate with Abbey ...Tags: None
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