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Skipton Building Society raises minimum balances

Skipton Building Society has raised the minimum opening balance in the Midlands and South of England to deter carpetbaggers.

The society has raised the minimum opening balance to £5,000.

For accounts opened in the North in person the minimum balance is £2,000. But investments for investments of between £2,000 and £5,000 accounts must be opened in person.

The society&#39s mini-cash Isa is now only available to existing customers. The NSPCC mini-cash Isa can still be opened in the North, but may only be opened in the Midlands and the South if it is part of a branch-recommended portfolio.


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