Summary
NEARLY 70,000 members of Lambeth Building Society are in line for a payout of at least Pounds 400 before tax if they vote in favour of a merger with Portman on May 25.
Savers will see a bonus of 8.4pc of their balance, with a minimum payout of Pounds 400 and a maximum Pounds 2,500. Borrowers will receive a bonus of Pounds 400. The payment for qualifying shareholding members - that is savers, including children, who are the sole or first named account holder - is based on the lower amount in their account on two specific dates, January 31 and the eve of the merger, expected to be September 30.See the full content of this document
Extract
Payout for Lambeth Members ; Money Mail
If you take money out between now and the merger day, you need to top up your ac...
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