C&G savers due for bonanza
Monday 31 July 1995
About 800,000 Cheltenham and Gloucester Building Society investors can look forward to receiving cash bonuses shortly after the group's pounds 1.8 billion transfer to Lloyds Bank on Tuesday. The C&G said the payments, most of which will be made by automatic electronic transfer into savers' accounts, should go through on or before 10 August. Qualifying investors with balances of pounds 100 are potentially in line for pounds 513.20 which goes up to a likely pounds 632 for a balance of pounds 1,000 and pounds 1,160 for pounds 5,000. Those with pounds 50,000 invested are set to receive a potential pounds 7,100, while people with pounds 100,000 should get pounds 13,700.
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