We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bath BS Regular Savings account rate increased to 7.00%
Kazza242
Posts: 2,199 Forumite
Bath Building Society will increase the rate paid on their Regular Savings account by the full 0.25%, from 6.75% to 7.00%, effective from the 2nd September 2007.
This account is now available only to locals (Wiltshire, Avon, Gloucestershire, Somerset and Dorset). *Though existing customers are not affected by the restricted availability.
Here is Bath BS' reply to the e-mail I sent to them:
This account is now available only to locals (Wiltshire, Avon, Gloucestershire, Somerset and Dorset). *Though existing customers are not affected by the restricted availability.
Here is Bath BS' reply to the e-mail I sent to them:
Thank you for your email.
The rate will be increasing to 7.00% on the 2nd September 2007.
Paul
Administrations
Please call me 'Kazza'.
0
Comments
-
These small building societies are very good for that sort of thing (answering queries quickly).....under construction.... COVID is a [discontinued] scam0
-
-
sounds interesting......although I've never thought myself local to Bath being 2 hours away!
"Stay Wonky":D
:j:jBecome Mrs Pepe 9 October 2012 :j:j0 -
bristolleedsfan wrote: »:rotfl: bath seem to be good at delaying rate increases for savers for longer as well :rotfl:
True, but if I had to choose, I'd rather wait an extra month to receive a full 0.25% increase than wait 1 month for only a 0.10% increase a la YBS. The last two BOE base rate rises = 0.50% yet YBS have increased their regular saver rate by just 0.10% following their failure to increase the rate last time.Please call me 'Kazza'.0 -
True, but if I had to choose, I'd rather wait an extra month to receive a full 0.25% increase than wait 1 month for only a 0.10% increase a la YBS. The last two BOE base rate rises = 0.50% yet YBS have increased their regular saver rate by just 0.10% following their failure to increase the rate last time.
yorkshire still pays a higher rate, allows a higher deposit per month than bath does and is more flexible re payments per month, yorkshire will say that if their reg saver was at a lower rate it too would have passed on 0.50% in response to last two base rate increases.0 -
bristolleedsfan wrote: »yorkshire still pays a higher rate, allows a higher deposit per month than bath does and is more flexible re payments per month, yorkshire will say that if their reg saver was at a lower rate it too would have passed on 0.50% in response to last two base rate increases.
Don't get me wrong I still think YBS's regular saver is one of the best, but I'm extremely disappointed (though not surprised) that they've only chosen to pass on 0.10% especially after the 0% increase last time. [See your YBS thread for reasons why this could lead to uncompetitiveness should base rate fall].
Bath are a smaller building society but they've still managed to match BOE base rate rises. If base rate falls I think that Bath's regular saver rate could be higher than YBS' at some point. It should also not be overlooked that last August Bath's regular saver was paying 5.35%, but then they increased it by a massive 0.65% in one go, taking the rate to 6.00% when base rate had increased by only 0.25%.Please call me 'Kazza'.0 -
mmm, just as I decided to close my Bath account at the next opportunity (January). Now I'm not so sure.0
-
-
-
Agreed chaps. My doubt was created when there appeared to be no rate rise.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.6K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards