co-operative bank

[nelly18]

I moved from RBS to the co-operative bank cos I got really fed up with the RBS bonuses given to their management (after a government rescue package got them out of the poop)

Co-operative are an ethical bank, they don't give away my hard earned money and they don't squander it. What they did do, was offer me a £200 overdraft.

I'm so happy I moved
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First bike: YBR 125 Current bike: Moto Guzzi V7 Cafe Classic

[iooi]

Suggest you read This then

Do you really understand, what they mean by ethical.........

Because

[The Artist]

It really isn't as simple as you make out with regards to bonuses being paid.

Who squandered your money? Did you lose anything?

[fatpies]

Except cooperative bank, bankrolls the Labour Party.
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"It's easy to attack and destroy an act of creation. It's a lot more difficult to perform one"

[mr jamez]

As far as I am aware the co-op operate under the same model as the rest of the mainstream banks

Try searching for a credit union. Or perhaps the Islamic bank of Britain? Sharia law forbids usury and the bank is open to non Muslims, I am considering opening a business account with them but haven't really done enough research yet.

[The Artist]

[mr jamez]

[fatpies]

[Lord Percy]

Yeah this talk of 'the bankers can't be punished because they'll leave' is RIDICULOUS. Makes it sound like there are only a handful of people, among the 60 million of us in this country, who know how to handle it all.

A really friendly guy I worked with once explained a few things to me.

Banks are a bank. They bank your money. And when they lend you money, then want a bit more back as payment. It's how they work. They don't just want to kindly hold on to your cash and hand over the queen's notes when required - "I promise to pay the bearer the sum of...". They use your custom to make money from you, who simply only wants a place to hold the cash. We're not allowed to keep in under our mattresses any more, it seems. Beats me how it all started to be honest - money seems to have just grown from nothing to something, and now to millions, billions and trillions. Who lent the first pound? And if they lent that one single and only pound, how did they charge interest on it?

Building societies were the better versions of money storage. They started out literally as societies of people who would all club their money together and buy buildings. This concept moved on to the concept of basically every penny in the building society is used to 'build' for the members - investments, etc. They don't use the members' cash to make personal profit for the management. It's all about the society.

Banks, however, are out to make a profit from their members, who aren't actually members at all because they're customers.

I'm not sure where co-op comes into this. Just though I'd mention what I was told a while ago. I think co-op leans much more into the 'building society' category.

To be honest all financial institutions are the same these days. Every single arm of the finance world is pointless and totally neglects the human aspect - insurance, accounting, law (bits of it), stocks, banking, etc. These industries were NEVER for the people they 'serve'. They're for the profit of the ones doing the money juggling. Makes no sense to me AT ALL.

Think about it from a utilitarian sense: Banks. What do they do? They're a load of big buildings with offices, computers, telephones, water dispensers and people in cheap suits. But what do they physically provide for the people of the planet? Not much. Just a service - a bit of paperwork and admin time. YET THEY ARE THE RICHEST ENTITIES ON THE PLANET??!!?!? How does that make sense??!?!?!?!??!? What about the farmers, the builders, the doctors, nurses, police, paramedics, mechanics, care workers, etc, etc, all earning average wages doing things we NEED! Meanwhile, man in suit in big ivory tower is given the king's fucking pickings just because he wormed his way to the top of what is no more than an administrative service for the people. Bankers should be given what they're physically worth, regarding the level of value they are to society - FUCK ALL.

Aaaaah. Rant

[mr jamez]

[Legsy.]

It is easy to be populist.

[smegballs]

[daemonoid]

[Benno]

[iooi]

[willis1337]

If you can't beat them....at least make some money out of them:

https://www.moneysavingexpert.com/banking/compare-best-bank-accounts

Santander - cashback on your bills + 3% interest.
First Direct - £100 opening bonus and if you leave them before 12 months (but after 6) another £100.

If the monthly deposit amounts are borderline, then nothing to stop you transferring money out, then back into the account, each month, to bump up the monthly incoming deposit total to reach the required amount.
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Current bike: KTM SD1290GT
Previous bike: BMW K1300S

[Minty]

[fatpies]

[Lord Percy]

A few other examples of my loss on the concept of money and its apparent worth:

Sports stars, singers, religious leaders, even politicians. What do the physically do that is actually constructive for the planet? The only 'iffy' one is politicians, who may have their work cut out, but I'm pretty sure all they're supposed to do, in theory, is speak for the people, and hence are nothing more than a relay of information for the general public to voice opinions to the government. And since the government doesn't listen to the people any more anyway (protests of 1 million in London on more than one occasion, brushed under the carpet with no changed at all), what use is a politician?

Right communist, me

Edit:

Consider it another way:

A small community of, say, 30 people, living in old basic traditional days, in quite a remote place. You'd have farming, basic construction and engineering, a certain level of primitive healthcare, cooks, childcarers, etc. You'd also have the people who were good at certain village sports, musicians, singers, artists and the likes. These people would be valued for what they do, but only in their spare time, in the evening or on free days. Nobody at all would be happy if these people wasted every single day doing such unproductive things.

Yet in our modern society, these wasters are rewarded the highest by far. Ok, not artists, but the others get WAY too much. Actually quite staggering.

[iooi]

[The Artist]

[fatpies]

[fatpies]

[Redoko]

I get my bonus next week.

https://cache.boston.com/universal/site_graphics/blogs/bigpicture/gaza_12_31/g22_17448829.jpg
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"Let's face it, this is not the worst thing you've caught me doing."
Sudika Sportsman SK50QT > Gilera DNA50 > Honda CBR125 RW7 > Kawasaki Zephyr750 > Suzuki GSXR600 > Honda Hornet CB600F '51

[Lord Percy]