eileen alana
Registered User
- Messages
- 476
Probably not - as far as I know savers will most likely (or definitely under BS legislation?) have to be at least two years with the society to qualify.If one was to open a One Year Fixed Rate Interest Bond share account and become a member of the society, would one then benefit from demutualisation should it occur, or would you still have to wait for a number of years before you become eligible?
If it's a one year bond then presumably you can encash it without penalty at the end of the term. Whether or not they offer rollover options at maturity is presumably unknown right now?Also, once the 1 year is over, does the bond 'roll-over' into a new 1 year period without further withdrawals for 12 months or can you then withdraw your money anything after the 1 year is up and not suffer?
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