Challenger banks in talks about £1.6bn merger - Sky News

Well, I was pretty excited to read this headline!

Bit of an anti climax once I realised I didn’t know much about the two banks in question.

Anyone dealt with either of them before?

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Did you think it was Monzo? I’d hope Monzo would merge for a much higher sum!

No, I didn’t think it would be Monzo or Starling (although I didn’t really give it much thought before clicking on the link).

But I had thought I’d know who it was (which would have made it slightly more interesting to me).

I’ve never heard of either of these banks!

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Same here!

I’ve heard of them, but I’ve always thought of them as pretty niche (or maybe just specialised in areas that I don’t have any particular needs in).

Having said that, wasn’t Charter Court one of the names being thrown around for the interest bearing pot?

Possibly, I don’t remember them if they were.

Either way - Doesn’t look like any of them have an app.

Thought that was a pre requisite for a challenger bank :joy:

Yeah, those two big name challenger banks were on the tip of my tongue. Just funny I couldn’t actually get either of them to spring to mind…probably, because I’d never actually heard of either of them. :joy:

Challenger <> neobank

I think these are a bit old school - they’re certainly not digital start-ups!

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OneSavings are quite well known. Be interesting to see where it goes if they do merge

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Really?

You’re the first I’ve seen whose heard of them.

Maybe I’m just looking in the wrong places.

I’ve looked into them before, not a bad savings account rate

Also they’re on Freetrade
image

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Interesting!

I’ll keep my eye on how it goes - Not that I can justify opening anymore accounts… :eyes:

Just to clarify, it’s business savings accounts. Was looking into them for a friend who wanted my opinion :grin:

Don’t think they do personal

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I think specialist savings and lending banks just can’t be trendy in the way Monzo and Starling can.

OakNorth can probably make a case for being the most impressive recently-formed bank but few will have heard of them.

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