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Bradford & Bingley INTERNET SAVER 3

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  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Stompa wrote: »
    Ah thanks for pointing that out, so it would have to go via the nominated account - in which case it's probably not worth it for the sake of 0.09%.
    Did you open an Egg 6.3% fixed account earlier this year (as an insurance policy against falling rates)? If so you could send the funds back to your nominated account and then deposit at Egg via debit card. Should only mean 2 days loss of interest...and a better interest rate!

    Alternatively, Egg have very recently brought out a 6.55% savings account...and launched it AFTER the BOE 0.5% rate cut. I wouldn't imagine they'll be rushing to change that rate so soon after launch?
    FWIW most other institutions I've banked with have allowed you to transfer instantly between accounts (with that same institution).
    Condition 6.4.3 of the new B&B eSavings account seems to leave the door slightly ajar? Maybe it's worth a call to B&B?

    http://www.bradford-bingley.co.uk/_img/savings/B20995_ONLINE_TCS_CROPPED.pdf
  • Stompa
    Stompa Posts: 8,375 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    YorkshireBoy wrote: »
    Did you open an Egg 6.3% fixed account earlier this year (as an insurance policy against falling rates)? If so you could send the funds back to your nominated account and then deposit at Egg via debit card. Should only mean 2 days loss of interest...and a better interest rate!

    I thought I wasn't eligible for one of those as I already have a very old (dormant) Egg Savings Account. Having just checked though it does look as though they can be opened as long as they're funded with 'new' money.

    YorkshireBoy wrote: »
    Alternatively, Egg have very recently brought out a 6.55% savings account...and launched it AFTER the BOE 0.5% rate cut. I wouldn't imagine they'll be rushing to change that rate so soon after launch?Condition 6.4.3 of the new B&B eSavings account seems to leave the door slightly ajar? Maybe it's worth a call to B&B?

    http://www.bradford-bingley.co.uk/_img/savings/B20995_ONLINE_TCS_CROPPED.pdf

    OK I see what you mean, thanks.
    Stompa
  • Apreciar
    Apreciar Posts: 627 Forumite
    evenasus wrote: »
    I have an Internet Saver 3 with B&B.

    I'm thinking of opening a 1 Year eBond (Issue 39) and wondered if I would have to go through the registration process again.
    Anyone know?
    If you have the esaver account there is no problem just go into your page and do the transfer, it takes two days to show.
    Change is here to stay
  • pjbltd
    pjbltd Posts: 214 Forumite
    http://www.bradford-bingley.co.uk/savings/product/index.asp

    Looks like it is now 6.01%. Move to another one?
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    pjbltd wrote: »
    http://www.bradford-bingley.co.uk/savings/product/index.asp

    Looks like it is now 6.01%. Move to another one?
    Sorry to laugh but that was posted on post 136 on 31 October

    http://forums.moneysavingexpert.com/showpost.html?p=15457453&postcount=136
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • pjbltd
    pjbltd Posts: 214 Forumite
    And time to move?
  • ~Chameleon~
    ~Chameleon~ Posts: 11,956 Forumite
    10,000 Posts Combo Breaker
    pjbltd wrote: »
    And time to move?

    I think you might have missed the boat ;)
    “You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”
  • LongTermLurker
    LongTermLurker Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    pjbltd wrote: »
    And time to move?
    ditto Chameleon... however, if suitable to you, the Halifax GSR could be worth putting 2.5k into. You would have to put £1000pm into a current account, but would be rewarded with a no-notice 6% account that you can top up at will. The only restrictions to keep the rate are
    1. No more than 4 withdrawals pa (5+ allowed, but will reduce the interest rate)
    2. Balance of GSR must not fall below £2500
    3. Current Account must be fed with £1000pm
    You would then have an account of similar rate that you can move the rest of your saving into as and when banks drop their rates. I know it might not work for everyone, but it's about the last option there is apart from ICICI and maybe one or two others - they'll all fall, so what's needed is a fixed rate no-notice account like the Egg 6.3 (no longer available) or Halifax GSR (ends 1 Dec)
    You've never seen me, but I've been here all along - watching and learning...:cool:
  • lipidicman
    lipidicman Posts: 2,598 Forumite
    Cant find the details online. The 'internet saver 3' has no withdrawal penalties, right?
  • ~Chameleon~
    ~Chameleon~ Posts: 11,956 Forumite
    10,000 Posts Combo Breaker
    lipidicman wrote: »
    Cant find the details online. The 'internet saver 3' has no withdrawal penalties, right?

    I think you'll find that one's been withdrawn now. If you're asking because you already hold the account then you need to check the T&C's they sent you.
    “You can please some of the people some of the time, all of the people some of the time, some of the people all of the time, but you can never please all of the people all of the time.”
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