Moneyfacts Awards
September 2002 – Moneyfacts the leading independent provider of personal financial data has announced the following awards for 2002. The awards were judged not only on how competitive the products were but also on clarity and fairness.
|
Class |
Organisation |
| Best fixed rate mortgage provider (without redemption tie-in) | West Bromwich BS |
| Best variable rate mortgage provider | Egg |
| Best discount mortgage provider | Scarborough BS |
| Best notice account provider | Scarborough BS |
| Best capped rate mortgage provider | Woolwich |
| Best flexible mortgage provider | Woolwich |
| Best self-certificated mortgage provider | Bristol & West |
| Best 100% mortgage provider | Mortgage Express |
| Best current account & offset mortgage provider | Intelligent Finance |
| Best no notice account provider | Intelligent Finance |
| Best buy-to-let mortgage provider | Mortgage Express |
| Best Internet only account provider | Abbey National |
| Best current account provider (credit interest) | Cahoot |
| Best current account provider (authorised overdraft) | Cahoot |
| Best credit card provider (standard rate) | Cahoot |
| Best credit card provider (introductory rate) | Capital One Bank |
| Best gold/platinum card provider | Capital One Bank |
| Best credit card provider (balance transfer rate) | NatWest |
Building Societies Association
September 2002 – Graham Stow BSA Chairman said – “We can concentrate on delivering services the members want without worrying about the performance of our share price. For example, sustaining a branch network rather than being forced, as the banks have been, to close branches to maximise profit by saving costs”.
Our Comment – This seems to be at odds with the actual events of recent months where a large number of branches of building societies have been closed because they were uneconomical.