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Bradford and Bingley 10% Regular Savings Account
hansi
Posts: 3,001 Forumite
Just been mentioned on Working Lunch. Can't see anything on the B&B website yet.
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Comments
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I saw their 10 % saver advertised today in their Leeds city centre branch; I have not seen the working lunch article.
Advert says up to £150 per month, maturing 1/12/06.
Cannot see anything on their website yet.Karma is a wonderful thing.
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Try this link to watch the working lunch programme.
http://news.bbc.co.uk/1/hi/programmes/working_lunch/default.stmI just can't be happy today0 -
nothing about it there either!0
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hansi, when you link to the bbc site quoted, look for the link to watch the latest program, on the right hand side.
it will run the program in realplayer, or media player, or something similar.
it's the whole show - over an hour - article on this saver is about 16 minutes in.Karma is a wonderful thing.0 -
I know, but it only says what they said on the programme, it doesn't give any more details0
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More info now up at B&B's website:
http://www.bradford-bingley.co.uk/savingsandinvestments/Monthly_Savers.asp"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Excellent, but dont get too excited.
10*£150 = £1500 and the interest will be about £67 gross, £53 basic rate tax, £40 higher rate tax
(using an iterative excel spreadsheet)
It is only ten months!
Still, the rate is good, the account seems easy to get. So for saving from income (or drip feeding) for xmas, this is good. I just dont want some people to be disappointed!0 -
I make that: £68.67 and £54.94 and £41.20 assuming account is opened 6 Feb and fund on 1st of each month (via a trip to BB, presumably)
More realistically, it comes out at £67.52, £54.02 and £40.51 if paying by SO on 1st of each month and allowing 2days plus weekends (and 1 bank holiday).
Of course it is still a 'double your money' account (compared to one paying 5% gross) so the net profit in each case could be worked out as:
no tax: £67.52 - £34.33 = £33.19
basic: £54.02 - £27.97 = £26.05
higher: £40.51 - £20.60 = £19.91.....under construction.... COVID is a [discontinued] scam0 -
Milarky, I WAS doing some pretty rough rounding there (and I am only £1 out on the basic rate taxpayer interest, the others match yours)
I know it is 'double your money', anyone able to work this out will know, but as ever a lot of people get disappointed when they get these accounts0 -
Since it doesn't say on its website what forms of ID are required, I want to get it right first time, otherwise the profits will be spent on petrol money to do the 25 mile round trip more than once! Any ideas? I guess I should ring them tomorrow.0
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