Bradford & Bingley INTERNET SAVER 3

modern_man

I agree and confirm with the above as my annual interest was also added on the 31 July.

JayTee99_2

for anyone interested, i have now managed to get hold of a complete set of the terms for Internet Saver3
the info posted earlier is correct as can be checked at 5.2 (almost half way down)

i have uploaded them to ukonline webspace (this is not B&B website link)

http://web.ukonline.co.uk/music.test/shared/bb%20is3%20terms.txt

.

evenasus

Thank you JayTee99 :T

orie0505

Bradford and Bingley have now updated their interest rates page to include the no-longer-available Internet Saver (Issue 3) account. The rate remains at 6.51% gross. I wonder for how long though...

http://www.bradford-bingley.co.uk/savings/product/index.asp

Mieran

On the Saver page it says "Previous - 6.51%" "AER -6.01%"
Does that mean they have decreased the interest, should i move my savings to another account?

thedrumdoctor

I opened one of these accounts in advance of when ING pull the plug on the interest rate on my Kaupthing Edge account. The B&B money transfer system is absolutely B******S! I wanted account and sort code numbers so I could do it from my bank and make references that show up on my statement - very important if you're using both accounts for Stoozing activities. Realising that there would be absolutely no way of easily reconcilling bank statements with credit card transactions and savings account payments, I've decided to close my B&B account. I can't live with that kind of 'in the dark' nonsense where I can't add notes for my own information.

And what was the reason for B&B wanting savers to transfer money their unique way? Security apparently. Go figure....

orie0505

Mieran wrote: »

On the Saver page it says "Previous - 6.51%" "AER -6.01%"
Does that mean they have decreased the interest, should i move my savings to another account?

B&B do indeed appear to have substantially dropped their rates on a large number of their accounts, including reducing the Internet Saver (Issue 3) account rate from 6.51% to 6.01%. I'm not particularly surprised (see my post above!).

As to whether you should move your money, B&B are offering 6.10% on their eSavings (Issue 6) account (including a 1% bonus for 12 months, for balances over £1000). Personally, I'm going to stick with my Internet Saver (Issue 3) as I don't think it's worth the hassle of moving for 0.09% more interest.

Of course, you could always move your money to another institution, but my prediction is that everyone will be slashing their rates pretty soon - so you may move your money elsewhere, only to find they drop their rates days later. Personally, I could do without that frustration, so will stay put.

Hope this helps.

Sebby*

I absolutely agree with that. I'm going to leave my money where it is for now - we're bound to see the rates of other accounts drop shortly.

freddysmith

Rates effective as of 2nd November 2008

Stavros_3

orie0505 wrote: »

B&B do indeed appear to have substantially dropped their rates on a large number of their accounts, including reducing the Internet Saver (Issue 3) account rate from 6.51% to 6.01%. I'm not particularly surprised (see my post above!).

God my P*** is boiling, I only received the following e-mail from the B & B three days ago confirming the rate has not changed

Quote Bradford and Bingley

Dear Mr
Thank you for your recent enquiry.

We apologise you are unable to view the interest rate for the Interenet Saver 3, IT are aware and are doing evrything they can to have it updated on the website. I can confirm the interest rate for the Internet Saver 3 is 6.51% annual and 6.32% monthly