Birmingham Midshires Internet Fixed Rate Bonds

nilrem_2

I have always had trouble getting accounts opened with BM, The last time I tried I had filled in all my details and at the end they said we will send you a application form! :mad: The application form never arrived, 2 emails I sent were ignored as were 2 letters, eventually the only way to get through to them was a letter to the Managing director, by then the bond in question had already been withdrawn, the stupid thing was that I already had a substantial amount saved with them!:eek:

Stompa

nilrem wrote: »

I have always had trouble getting accounts opened with BM

FWIW it opened very smoothly in that it appeared online immediately. It's the 'getting some funds into it' that seems to be a long process. They'll probably have withdrawn the account before I'm able to do that!

napoleon

Stompa wrote: »

FWIW it opened very smoothly in that it appeared online immediately. It's the 'getting some funds into it' that seems to be a long process. They'll probably have withdrawn the account before I'm able to do that!

BM are incompetent from start to finish in my experience

Bob_G

nilrem wrote: »

... The last time I tried I had filled in all my details and at the end they said we will send you a application form! :mad: The application form never arrived, ........

Although I had an online variable rate account, this was my experience first time around. Second attempt was straightforward.
Variable rate on Internet Saver 3 dropped from 5.99 to 4.42% AER this morning. Fixed rate deal was still on offer.
Bob G

Stompa

Bob_G wrote: »

Variable rate on Internet Saver 3 dropped from 5.99 to 4.42% AER this morning. Fixed rate deal was still on offer.

Yes, this only mentions a cut in variable rates:

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=178854

barak

Stompa wrote: »

.....variable rates have dropped today - though there's no mention of this on the BM website.

There is now

Gwhiz

I funded my fixed rate via my esaver account. I just called them up and they did it over the phone even though the forms said otherwise. Very easy.

Stompa

Gwhiz wrote: »

I funded my fixed rate via my esaver account. I just called them up and they did it over the phone even though the forms said otherwise. Very easy.

Interesting, how long after your fixed rate was opened did you do this? And was this before or after they'd received your initial (cheque or DD) deposit?

Thanks

Stompa

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=179071

Hmmmm, given that the T&C's state "Additional deposits are permitted as long as the issue remains open", I guess this means I'll never be able to fund my 'just opened' account.....?

gelato_cat

Possibly... these things are always a bit of a gamble. I managed to get four deposits in over the course of a month. How long has this issue been open?

Suze

Stompa wrote: »

https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=179071

Hmmmm, given that the T&C's state "Additional deposits are permitted as long as the issue remains open", I guess this means I'll never be able to fund my 'just opened' account.....?