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Ian

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Review of the Chetwood Bank, Savings:

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Easy to open an account and modern website

Easy to open an account and modern website Reviewed on: 22nd January 2025

Review of the Family Building Society, Savings:

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Too behind the curve

Strange how one has to close an account and open another to receive the latest interest rate; not what one expects when other financial providers regularly text to notify of rate rises. Strange too and quaint how one receives a paper certificate for an account opened and operated online. Waste of paper and postage. This provider is also very slow to respond to changes in Bank Rate and to adjust its interest rates to savers. Suspect some efficiencies could be made generally with a robust review of the Society's practice and procedures. Reviewed on: 21st March 2023

Reply from Family Building Society Hi Ian, Thanks for taking the time to leave us a review. As a smaller Society, it is simply not practical for us to contact all our customers whenever we launch a new product - and they can be withdrawn very quickly if they are popular. We have to make tactical short-range decisions about raising extra savings deposits to fund our mortgage lending dependent on the rates that we can lend out at that time. Our aim is that we continue to offer value for money and competitive rates, along with excellent customer service. We continue to look at ways in which we can be more efficient, and your comments about paper certificates have been passed to the relevant department, so that they can consider improvements to our communications in this regard. Your feedback is appreciated and thank you for saving with us. Response date: 23rd March 2023

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