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B & B offers £1,000 windfalls

Bradford & Bingley Building Society members will receive shares worth about £1,000 when the society converts to a bank.

But the society has opted for a flat-rate payment scheme, in which all eligible members will receive the same windfall.

The exact payment will depend on the company&#39s value at the time of conversion.

To be eligible, savers must have had at least £100 in their account on April 25 this year, and £100 in the account when the society converts next year.

They must also hold £100 in their account between now and then at a date yet to be specified.

Conversion is still subject to a members&#39 vote next summer.


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