Bradford & Bingley INTERNET SAVER 3

YorkshireBoy

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

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.

Apreciar

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.

pjbltd

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

Looks like it is now 6.01%. Move to another one?

LongTermLurker

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

pjbltd

And time to move?

~Chameleon~

pjbltd wrote: »

And time to move?

I think you might have missed the boat

LongTermLurker

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)

lipidicman

Cant find the details online. The 'internet saver 3' has no withdrawal penalties, right?

~Chameleon~

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.