Do you know all the tricks of the building society trade? Do you wonder why tricks are used by directors of “mutual” societies?
Does your society open savings accounts with headline grabbing rates then reduce them after a short period? Do you remember to check the period or do you get caught?
Does your society open new savings accounts and close old ones that lock you into a low interest rate?
Do you think that building society voting papers are democratic or distorted and biased?
Do you believe that the infamous “Quick Vote” trick is for your benefit or for the benefit of the directors?
Have you noticed the little tick box buried in the small print on the back of some voting papers? Do you believe it is hidden there for your benefit or do you think it is another underhand practice by directors?
Did you know that by law you can submit resolutions or stand for election to the board of your society or that directors do their utmost to ensure that you do not?
Do you know that banks and plcs do not use the infamous “Quick Vote” trick?
Do you believe that your building society always acts in your best interests?
Some savings accounts are opened at high levels of interest to attract customers but…
Don’t throw your voting papers away
If you would like your building society to be a genuine…
July 2020 – Nationwide, as with most…