Bradford + Bingley issue 3 rate dropped again

No_worries

Thanks everyone - just shows how useful this site is! I clicked on Tibbledom's link, followed his advice to the letter and applied for the Issue 6 at 2pm today. I've just been back on (7pm) and Issue 6 account already listed on my accounts, so have arranged to transfer full balance of my Issue 3 tomorrow. Which will increase my earning by about 60p per day!

This was probably the easiest account I have opened but would not have known to ignore setting up the linked account so MANY THANKS!

Saver-Rob

No_worries wrote: »

Thanks everyone - just shows how useful this site is! I clicked on Tibbledom's link, followed his advice to the letter and applied for the Issue 6 at 2pm today. I've just been back on (7pm) and Issue 6 account already listed on my accounts, so have arranged to transfer full balance of my Issue 3 tomorrow. Which will increase my earning by about 60p per day!

This was probably the easiest account I have opened but would not have known to ignore setting up the linked account so MANY THANKS!

I did the same, apart from leaving £1 in the old account 'just incase' they do something odd with the rates. I like to keep options open. :T

Stavros_3

The B & B are a set of Shysters, they begged us for our deposits when times were tough for them. They drop their rates faster than New labours Promises. Customer loyalty, don't make me laugh

evenasus

Tibbledom wrote: »

Time for anyone with an internet saver 3 who has not already done so (and who are not switching elsewhere) to switch to the Bradford and Bingley e saver account (issue 6) with an interest rate of 4.6% (AER). This includes a 1% bonus for 12 months with minimum balance £1,000.

It should be possible to transfer by applying for a new esaver 6 account, go to

http://www.bradford-bingley.co.uk/savings/esavings-issue6.asp

You have to type in part of your existing account number and when it asks for linked account leave this blank and just press continue, the new account gets set up and then you can directly switch on-line, takes about 24 hours for new account to appear, log in as usual and both accounts will show when the new account is set up. I transferred mine back in October (?) when the internet saver 3 was withdrawn. I am assuming it is still possible to transfer.

By setting up the e saver 6 it gives you the option to transfer if the rate on the e saver 6 doesn’t drop correspondingly in the next few days.

Just a thought...
When opening the E Saver 6, if I leave the linked account blank, how do I open it with £1000K? Where would this have to be linked to? Would it be opened with £1000K from my Internet Saver 3 account?

Sorry if I sound confused, that's cause I am. :rolleyes:

Tibbledom

evenasus wrote: »

Just a thought...
When opening the E Saver 6, if I leave the linked account blank, how do I open it with £1000K? Where would this have to be linked to? Would it be opened with £1000K from my Internet Saver 3 account?

Sorry if I sound confused, that's cause I am. :rolleyes:

No worries.

Assuming you already have an internet saver 3 with £1,000 in it:

Just follow the earlier instructions to open an e saver 6 with zero balance (entering your existing account number when prompted but pressing continue when it asks about the linked account).

When the e saver 6 appears when you log in (takes about 24 hours) you can transfer your (greater than 1K balance) direct from the internet saver 3 to the e saver 6.

Your linked external account automatically becomes your linked account for the e saver 6, ready for when you want to transfer money in or out of the e saver 6 at a later date.

I assume you have noticed the internet saver 3 rate has dropped again to 2.71% in the past few days.

savetilibleed

Tibbledom wrote: »

I assume you have noticed the internet saver 3 rate has dropped again to 2.71% in the past few days.

And the E saver 6 is now 3.60% inc bonus

evenasus

Tibbledom wrote: »

I assume you have noticed the internet saver 3 rate has dropped again to 2.71% in the past few days.

Thanks Tibbledom, for the instructions.

Yes, I had noticed the drop.
I'm maxed out on all my fixed rate saving accounts, so decided to transfer from the Internet Saver 3 to E Saver 6,
Short of opening yet another account with yet another bank/bs (which I really can't face) I have no option but to put my monthly savings of around £3K into B & B.
I know the rates aren't good but they're certainly better than Nationwide E Saver (1.95%) which I only keep a couple of thousand in, for instant access through my flex account.

This time last year, I had accounts with only two institutions, most of my money being in a Nationwide E Saver. Getting quite good rate back then. And never considered any problems with having way above the £50K (£35K back then)
To be honest, I probably didn't even know about guarateed limit on savings.:rolleyes:

How times have changed.

Tibbledom

And emoneyfacts reports the e savings 6 is now going down by 0.5% to 3.1% from 1/2/08

https://www.emoneyfacts.co.uk/news/savings-news.aspx

freddysmith

Tibbledom wrote: »

And emoneyfacts reports the e savings 6 is now going down by 0.5% to 3.1% from 1/2/08

https://www.emoneyfacts.co.uk/news/savings-news.aspx

Typical, just opened one. Will now try the YBS internet saver and watch that one drop. :rolleyes: