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Savers Rights: Name & Shame Accounts which hide interest rates

edited 30 November -1 at 1:00AM in Savings & Investments
148 replies 18.8K views
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  • D1zzyD1zzy Forumite
    1.5K posts
    Halifax - praise interest rates against each account (best of all!!)
    A & L - praise - enter first 3 digits of account to dispay rates
    Natwest - praise easy as long as you know your account name
    ING - impossible to find the bonus rate applying (worst of all)
    LTSB - buried in the "non marketed accounts"

    Its is now also essential to know the exact name and issue no of you account - (EG LTSB - Online Saver replaced by Internet Saver replaced by E-saver as each became "non-marketed"
  • ScarletBeaScarletBea Forumite
    2.8K posts
    Part of the Furniture 1,000 Posts Combo Breaker
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    Natwest - SHAME - like somebody said, you need to remember when you opened the account to see if you had bonus, and what type of bonus... why can't it be accessible from your own online banking???

    Yorkshire building society - PRAISE - inside the online banking pages, clear indication of the rate :)
    Being brave is going after your dreams head on
  • ConsumeristConsumerist Forumite
    5.4K posts
    Part of the Furniture 1,000 Posts Name Dropper
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    EGG again - SHAME

    and

    ICICI - SHAME (But at least they do send emails when rates change - if you can keep up with them)

    Petition signed.
    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • SnowManSnowMan Forumite
    3.3K posts
    Part of the Furniture 1,000 Posts Photogenic
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    Bradford and Bingley: SHAME in capital letters with brass knobs on and lots of other bright and jangly dangly bits attached. :mad: :mad: :mad: Not only can you not see the rate when logging in but when you identify your account and look it up it doesn't even tell you when the current interest rate applies from. They seem to have scanned the weak banking code in minute detail to disclose absolutely nothing they don't have to.

    And don't get me onto their continually superceding accounts by newer accounts with higher interest rates and cutting the rate on the old account. I have had to move from internet saver 1 to internet saver 2 to internet saver 3 to e saver 6 and to e saver 7. What a disgrace.

    First Direct, Tesco, Nat West: Shame :mad: , can’t see the rate for your account when logging in. At least Tesco is a single rate for all (1.5% bonus aside)

    Birmingham Midshires: Praise :T As mentioned earlier rate shows clearly when you log in
    I came, I saw, I melted
  • savetilibleedsavetilibleed Forumite
    1.4K posts
    Part of the Furniture 1,000 Posts Combo Breaker
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    Good
    Yorkshire Building Society - display current interest rate for account as soon as it changes, also a link for interest rate history and to interest paid, gross and net, in past tax years. But emails to notify changes 2-3 weks after event.
    Saga - displays current interest rate - no emails though.

    Bad
    Bradford & Bingley & very late with emails
    Northern Rock - no display (but always send email a few days before change happens-good)
    Abbey - no emails or display
    Coventry BS - no interest display (don't know about emails-have fixed rate accounts)
    ING - get letter about 2 weeks later, or phone then to ask mine

    (Edit: BTW Petition signed)
  • withnellwithnell Forumite
    1.6K posts
    Big praisse for Anglo irish, who as well as stamping in the account activity every time the rate changes, also displays accrued gross and net interest to date
  • poppy10_2poppy10_2 Forumite
    6.4K posts
    Part of the Furniture 1,000 Posts
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    Bradford and Bingley make it nice and easy:
    http://www.bradford-bingley.co.uk/savings/previous-savings-rates.asp
    :confused::rotfl:
    poppy10
  • I have difficulty finding the interest rates at the following, in no particular order :-
    Alliance & Leicester
    Bradford & Bingley
    Birmingham Midshires
    Egg ( the worst )
    Tesco
    Cahoot
    Coventry Building Society
  • eejaeeja Forumite
    374 posts
    withnell wrote: »
    Big praisse for Anglo irish, who as well as stamping in the account activity every time the rate changes, also displays accrued gross and net interest to date

    Agreed...this is one excellent feature with this otherwise much maligned and crticised Irish bank.
    Credit should be given where credit is due ...
  • ISAmadISAmad Forumite
    48 posts
    Great issue to campaign on Martin! :T:money::T

    TESCO - Sure, they tell you the main rate easily enough. But how much is my bonus rate? Exactly when will the 12-month bonus rate period expire? CONFUUUUUSED!:confused:

    Scottish Widows - Very slow to inform of rate changes. Done by post usually 6 or 7 weeks later. An email should go out on the day of the rate change (or before even).

    Birmingham Midshires - Seem open enough.:A
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