Why is a building society better than a bank?
Why is a building society better than a bank?
The different ownership of a building society compared to a bank means they tend to have lower overheads, so they may be able to offer lower rates on mortgages and higher interest rates on savings accounts. Feb 16, 2021
Is Nationwide Building Society covered by FSCS?
Your eligible deposits with Nationwide Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. Any total deposits you hold above the limit are unlikely to be covered.
Are Santander and NatWest linked?
Santander UK plc (“”Santander UK””) has today (4th August 2010) reached an agreement to acquire the parts of the banking businesses of the Royal Bank of Scotland Group (“”RBS””) which are carried out through its RBS branches in England and Wales and its NatWest branches in Scotland. Aug 4, 2010
Which bank is behind Virgin Money?
Clydesdale Bank plcVirgin Money UK plc is a holding company that owns Clydesdale Bank plc, which in turn trades as Clydesdale Bank, Yorkshire Bank and Virgin Money in the United Kingdom. … Virgin Money UK plc. Formerly CYBG plc (1 October 2015 – 30 October 2019) Industry Banking, Financial services Founded 1 October 2015 14 more rows
Who is Clydesdale Bank owned by?
Virgin Money UK plcClydesdale Bank plc The headquarters of Clydesdale Bank in St Vincent Place, Glasgow, United Kingdom Type Subsidiary Number of employees c. 8,703 (2018) Parent Virgin Money UK plc Divisions B 12 more rows
