Bradford & Bingley INTERNET SAVER 3

orie0505

evenasus wrote: »

Is there a difference between Intenet Saver 3 & E-Saver issue 3?

Yes - they are not the same accounts.

You can see their interest rates table for all accounts (except Internet Saver 3, which is mysteriously absent) here: http://www.bradford-bingley.co.uk/savings/product/index.asp

orie0505

evenasus wrote: »

I should have read further back on this thread than I did. :rolleyes:

I've just phoned B & B and been told exactly the same.
The lady said that the rate will show up on the 'Accounts no longer available' when the site has been updated.

I do have another query though.
I only opened the account last week with £100 nominal amount.
The date for this was given as 27th October. Since, I did a test transfer of £50 on 21st October and the date given was 24th October.
The accout shows as having the £50 processed BUT not available for withdrawal. Not that I want to withdraw. Does it now take another 2 to 3 days for the amount processed to be 'available'?
]

When you set up the direct debit transfer, you should see the following which I think answers your question:

"Although you will start to earn interest on money transferred into your Bradford & Bingley Internet Account from the day we receive the money, it may take up to an additional 6 days for the money to become available for withdrawal. Until your money becomes 'available' it will be shown under the processed balance."

freddysmith

Whoops....I fell into the trap of adding an 'E' to the account name because I could not see the correctly named account.
Sorry for the confusion everyone.

As I have a large amount in the Internet Saver 3 account I was ready to move it and recent events makes me a little twitchy when accounts/interest rates disappear.

ad44downey

Easy mistake to make. Bradford and bingley start up at least 2 or 3 new accounts every week.

jcl_2

b&b have the following 2 accounts

1 year ebond issue39 on line fixed rate

1 year ebond issue7 limited issue fixed rate

both these accounts pay 6.31% gross monthly income or 5.05%net monthly
for a £50.000+ investment so if £50.000.01 was invested I assume this would be covered apart from a penny by the fsca and money is tied up for 12months, the way interest are going seems to be a good safe investment.

what do you think
regards
jcl

London05

I opened one of these accounts and have been unable to put money in it as they did not send the DD to my bank, to cap it off they told me they had it up and running on screen and I needed to ring my bank to sort it. Pointed out if DD does not appear on my list of DD & STo they cannot take money from my bank account. Am now not going to bother with account can't bear dealing with stupid customer services people.

London05

ryszardm wrote: »

Just got the letter from b&b with userid and password. I now want to make a payment into the account, but have no sort code? Can anyone help?

thanks

Best of luck I have both the same but although on screen the DD is set up it is not set up with my bank, phoned them got stupid answers and now cannot be asked to keep the account open.:mad:

London05

jcl wrote: »

b&b have the following 2 accounts

1 year ebond issue39 on line fixed rate

1 year ebond issue7 limited issue fixed rate

both these accounts pay 6.31% gross monthly income or 5.05%net monthly
for a £50.000+ investment so if £50.000.01 was invested I assume this would be covered apart from a penny by the fsca and money is tied up for 12months, the way interest are going seems to be a good safe investment.

what do you think
regards
jcl

Is it really worth tying up so much money for such a low rate is there nothing better?

Oblivion

jcl wrote: »

b&b have the following 2 accounts

1 year ebond issue39 on line fixed rate

1 year ebond issue7 limited issue fixed rate

both these accounts pay 6.31% gross monthly income or 5.05%net monthly
for a £50.000+ investment so if £50.000.01 was invested I assume this would be covered apart from a penny by the fsca and money is tied up for 12months, the way interest are going seems to be a good safe investment.

what do you think
regards
jcl

I think it's a reasonable deal, but don't forget that your capital of £50,000 is covered by the FSCS but any interest earned and added to that balance won't be.

Dave.

Oblivion

London05 wrote: »

Is it really worth tying up so much money for such a low rate is there nothing better?

If you think that's a low rate, just watch what happens to rates in the next few months.

Dave.