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Firstsave 6.50% instant access.
bristolleedsfan
Posts: 12,642 Forumite
anybody have experience of these people? http://www.firstsave.co.uk/ http://www.fbnbank.co.uk/
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First Bank of Nigeria - had a look at one of their fixed rates a couple of months ago, but wasn't impressed with their insistance on all memorable data being 6-8 characters (wouldn't have put me off if their rates had been much higher than anyone else...).
Think they could be using Newcastle B/S or possibly just "borrowed" their application pages...0 -
First Bank of Nigeria - had a look at one of their fixed rates a couple of months ago, but wasn't impressed with their insistance on all memorable data being 6-8 characters (wouldn't have put me off if their rates had been much higher than anyone else...).
Think they could be using Newcastle B/S or possibly just "borrowed" their application pages...
lots use Newcastle BS, should be pointed out just in case people are suspicious by the phrase " borrowed" their application pages.0 -
On further though. must have been insisting on minimum 8 characters for everything (just annoys me when companies make up inflexible rules).
"Borrowing" (layout, placement, and ideas) is (un?)surprisingly common, but can see how the comment could have suggested email phishers which wasn't my intention.0 -
Just thinking about Nigeria gives me the jitters. I used to manage the export shipping department of a chemical manufacturer and having to deal with this country and a few others was awful. For this reason I would never put any of my money in their hands even if it is backed by the Newcastle. There are similar rates around just now and as it is expected that rates will be reduced four times in 2008 I would use a fixed rate bond.
Just remembered, Nigeria was notorious for sending out false Letters of Credit and a couple of well known companies were taken in by them even though printing errors made the fraud obvious. Sorry to go off topic:o0 -
On further though. must have been insisting on minimum 8 characters for everything (just annoys me when companies make up inflexible rules).
"Borrowing" (layout, placement, and ideas) is (un?)surprisingly common, but can see how the comment could have suggested email phishers which wasn't my intention.
i had a feeling that the words nigerian and "borrowed application pages " would have given some "the jitters"
good evening jakesgran ill take this opportunity of wishing u a happy , prosperous new year. :beer:
to avoid any confusion nobody has said that this organisation are "backed" by Newcastle BS and they arent . 0 -
Are Icesave not tied in with Newcastle as well? If so, I'm beginning to get a wee bit twitchy.....0
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Are Icesave not tied in with Newcastle as well? If so, I'm beginning to get a wee bit twitchy.....
http://www.onenortheast.co.uk/page/news/article.cfm?articleId=2710
About Newcastle Strategic Solutions Limited
Newcastle Strategic Solutions Limited manages savings, loans, mortgages and pre-paid cards on behalf of third party customers. The bulk of jobs created at Cobalt will be in its ‘Fully Managed Services’ offering, which includes customer acquisition, application processing, account management, administration services and telephone based contact centre.
NBS counts a number of major financial sector businesses, such as Bradford & Bingley, Bank of Ireland and Iceland’s Landsbanki with ICESAVE, as customers, and this expansion will enable it to develop the Strategic Solutions business services to a wider market. It will also see the company invest further in leading edge information technology.0 -
The financial community is a bit incestuous - quite a lot of institutions run some of their products through different banks (dunno why, but they do).
FBN have been fairly proactive in combatting the 419 scammers, but they have a tough road ahead, and aren't offering enough of a premium for me to invest. Same goes for several UK-based banks by the way - if they want to (try) impose rules I don't want to follow... plenty of choice out there.0 -
So, not only Icesave, but my Post Office account, managed by Bank of Ireland, is handled by Newcastle???? I know I'm being paranoid, and I'm a complete novice, but I just hope that the strategic thingy is completely separate from the BS part of the business. I'm sure its nothing, but I've never had enough to bother with a savings account before, so I'm perhaps more nervous than most. Thanks for the explanations, though.0
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Sorry if I'm being a bit thick here, but is there any reason why I should be concerned about Newcastle BS? Also, if FirstSave are covered by the Financial Services Compensation Scheme (within its limits) is there any reason for concern? I know that Martin's produced a table that shows which main companies are "connected" to each other (ie, so the limits of the FSCS would only apply once, if several accounts were held by different companies that all came under the same "umbrella"), but how do we find out about those that aren't mentioned in Martin's table? Sorry for all the questions!0
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