Yorkshire Building Society has assured its new savings customers that they will still receive the same terms, following their transfer from MBNA.
Some 8,500 customers have had their savings transferred, after Yorkshire agreed to acquire MBNA's savings business.
All of MBNA's savings balances will be moved to the building society by the end of the year, subject to regulatory and court clearance.
Iain Cornish, chief executive of Yorkshire, moved to reassure customers that their savings would not be affected by the switch.
"The society [Yorkshire] looks forward to welcoming these new savings members, who will continue to receive the same terms and conditions on their savings bonds," he remarked.
"We already administer these accounts on behalf of MBNA so there will be no change in the service that customers receive."
He added that the change will be conducted automatically, requiring no action on the part of customers.
Yorkshire Building Society states that its assets, including savings, currently stand at £16.3 billion, with 1.8 million members.
Additionally, the society claims that its members benefit as it is a mutual organisation, with no shareholders.
No change for MBNA savings customers
No change for MBNA savings customers
Mon, 30 Oct 2006
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