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Skipton fights carpetbaggers

Skipton Building Society have made a move in the war against carpetbaggers by raising its minimum account levels.


The beleaguered building society is more than doubling the minimum opening balance on its savings accounts from £2,000 to £5,000.


The society has been targeted along with Chelsea and Portman building societies, by www.carpetbaggers.com, the website aiming to end the independent and mutual status of the companies.


Skipton press consultant Alice Inslay, said: “We want to deter carpetbaggers and protect our service to customers who want to stay mutual.”


Skipton head of corporate communications Mark Smitheringale, said: “We have a number of other deterrents in the pipeline. We would think about raising the balance of new accounts again and also asking new members to make a donation to charity. Its also sensible to stay in regular communication with Chelsea and Portman.”



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