Nationwide Treasurers Trust Account
Posted: October 10th, 2019, 12:29 pm
I have just been into a branch and they say the account is closing around the end of the year and I will get a letter giving 90 days notice! Too few accounts and too much hassle monitoring the signatures etc!
It's for a club that rarely has more than £400 on deposit. It only has the minimum £1 (to keep it open) for 5 months of the year.
I used to be a treasurer of a larger club, and my predecessor of that club had a Lloyds deposit account in his own name! As I was still working for HMRC I had to report to my boss how much interest had not been declared for CT, and move the savings to the Nationwide!
In view of amount I am thinking of just keeping it in cash, unless anyone can suggest an alternative!
Wuz
It's for a club that rarely has more than £400 on deposit. It only has the minimum £1 (to keep it open) for 5 months of the year.
I used to be a treasurer of a larger club, and my predecessor of that club had a Lloyds deposit account in his own name! As I was still working for HMRC I had to report to my boss how much interest had not been declared for CT, and move the savings to the Nationwide!
In view of amount I am thinking of just keeping it in cash, unless anyone can suggest an alternative!
Wuz