I currently have 6 Derbyshire accounts and have been a regular saver with little or no withdrawals since opening them.
This latest takeover move with no windfall therefore rubs against the grain especially since I have been such a loyal supporter of the society.
Understanding that the society has made a loss this year and the current world-wide cash crisis perhaps the society could use initiative and offer promisory notes to its customers which could be triggered in better times.
On the other hand perhaps they wouldn't consider such an idea simply because they are no longer for the people but rather a bank like any other bank skimming every penny at every opportunity.
Well you might find that without initiative, a lot of your supporters will vote with their feet, because your interest rates have never been the best.

i just want to say i am a derbyshire account holder and i think its daylihgt robbery that they are not offering a windfall payment to loyal customers.
i can understand that we are all in difficult times at this present times but surely being the 5th wealthiest country in the world the goverment could help make sure the loyal customers get a windfall payment.

To Steven Kirk,

I'm struggling to understand why the Government should help ensure that loyal customers of the Derbyshire should get a windfall payment......?

At the end of the day, you chose who you wished to deposit your money with, not the Government.

Your response stinks of sour grapes at not getting some free money. I think it's a bit of a cheek to ask for your fellow tax-payers to give you some.

I think you need to accept that a number of British Banks and Building Societies made some truly dire lending decisions over the last several years, and yours was one of them. All that was needed was financial liquidity to be squeezed on the international money markets. The US Subprime Crisis was the catalyst for this.

You can always vote with your feet and move your money to a different bank or Building Society.

Regards.

James

I agree with James. I have been a "victim" of some of these "dire lending decisions". Even though I was young when the idea of a loan was sold to me (mis-sold is a more accurate description, but anyway) I was over 18 and accountable for my actions. Therefore, I have nobody to blame for my debts but myself. I also have it on my conscience that if I (and several thousand other people in my boat at the time) had simply refused this loan (and the credit cards!) made "available" to me, this country would not be in the sorry state it is in now. I've learned my lesson...there is no such thing as "free money". Everything comes at a cost.

Meanwhile, instead of lamenting not getting any windfall through this takeover, why not look on the positive side instead? Nationwide are a fantastic institution and their interest rates are great. Added to that, with Nationwide you can get the Flexi Account, which is currently the only bank account which allows you to withdraw money overseas free of charge.

That's what I think anyway.

I BET that the directors and other people at the top end of the staff of these building societies get HUGE handouts upon the takeover! The orinary workers in the offices and branches will just get redundancy, like the majority [8 out of 10] of Nationwide staff at my local branch who were replaced by Portman staff. And I agree that loyal account holders should get a bit of a 'wad' too...