Jun 22 2006
Almost a million savers are set to benefit from better interest rates when their accounts are transferred to Britannia building society next month.
Britain's second largest mutual, with three million members, took over Bristol & West's saving business and branch network at the start of last year.
Once the account transfers are complete, Britannia says its newest members will receive £7.5 million more in interest this year than they did under Bristol & West.
"When Britannia first announced the acquisition last year we pledged that no members would be worse off," explained chief executive Neville Richardson.
"This is an important step in the integration of the two organisations and Britannia understands that this is a major change for our members and we have provided detailed information packs to ensure they understand the positive changes that are being made to their accounts."
By the end of the year, all of the former Bristol & West branches will have been transformed into new-look Britannia branches as part of a £17 million countrywide refurbishment programme.
For more information about investing with Britannia, including its Child Trust Fund which offers reward points, click on our free brochures page.
