Bradford & Bingley INTERNET SAVER 3

JayTee99_2

correct, no penalties

3.3.3 The Account offers penalty-free access to your monies, provided that all charges have been
paid. Monies withdrawn cannot be transferred to any account other than your Nominated
Account. All withdrawals must be made via BACS transfer apart from emergency CHAPs
withdrawals, which can be made as detailed in clause 3.3.4.
3.3.4 If you need to make an urgent withdrawal of funds, a same day CHAPs request can be made,
by telephone or the internet, prior to midday for a same day withdrawal. This service is subject
to a charge, which will be deducted from your Account balance (before the CHAPs withdrawal
is made), and details of the current charges will be provided to you before requesting this
service. Please note that the same day service only applies to requests made before midday
on a working day (i.e. it excludes weekends and English bank holidays).
3.4 Once a transaction request has been processed, it cannot be cancelled.

lipidicman

Nice one. That's for the Internet Saver Issue 3 right? Where'd you find that?

JayTee99_2

yep, Internet Saver 3

from 2 pages back

orie0505

The B&B website [1] indicates that interest rates on many of their accounts will be slashed with effect from this Sunday 16 November. Particularly relevant to this thread, the Internet Saver 3 rate has been cut from 6.01% to 4.51% gross.

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

LongTermLurker

orie0505 wrote: »

The B&B website [1] indicates that interest rates on many of their accounts will be slashed with effect from this Sunday 16 November. Particularly relevant to this thread, the Internet Saver 3 rate has been cut from 6.01% to 4.51% gross.

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

OHHHHHHHH - that's not good

I was just thinking it might drop to about 4 and a half - looks like ICICI is still looking good for no notice @ 5.5 then. How am I supposed to diversify when there's only two 6%+ no notice accounts?

freddysmith

orie0505 wrote: »

The B&B website [1] indicates that interest rates on many of their accounts will be slashed with effect from this Sunday 16 November. Particularly relevant to this thread, the Internet Saver 3 rate has been cut from 6.01% to 4.51% gross.

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

WOW.....sign of the times.......

Question is will 4.51% still be a good rate once all interest reductions have taken place to other Banks/BS.

LongTermLurker

Egg & KE are down around there. I think 4.5 will be the settling point.

Stompa

Time to transfer the contents of my IS3 to my eBond then!

Mr_K

My B&B money has gone straight into my fixed 6.3% Egg account today.

4.5% might still not be bad once everyone has lowered their rates....

LongTermLurker

Mr_K wrote: »

My B&B money has gone straight into my fixed 6.3% Egg account today.

4.5% might still not be bad once everyone has lowered their rates....

How've you managed that? Did you transfer out using CHAPS?