NEW bank accounts are be opened by Benson Parish Council to reduce any risk to its cash supply.
Councillors have agreed that about £150,000 held in an account with the Co-operative Bank should spread out evenly. Chairman Jon Fowler said members would be aware that the bank had been “having a few issues”.
The council agreed to open accounts with Barclays and Lloyds, one a current account and another a deposit account, and place a minimum of £50,000 in each. It also plans to retain its current account with the Co-op.
The bank was rescued last year under a deal with bondholders when it emerged that it faced a £1.5billion black hole.