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Britannia Rewards for 08 / 09

By this time last year I had my cheque so can anyone tell me please when I should expect this years?

That is if there will be one!!
It's far better to be penny wise than pound foolish.

:beer:
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Comments

  • ShaneUK
    ShaneUK Posts: 1,099 Forumite
    Part of the Furniture Combo Breaker
    My girlfriend asked this question in Branch about a month ago, and was told it would be around April/May time (I think!). Basically, it is happening, but will be later than usual this year.
  • Careful_ly
    Careful_ly Posts: 622 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    The bonus was paid into Britannia accounts on Monday 2nd March, it is alot lower this year.
    I think we have only half as much as last year.
  • apt
    apt Posts: 3,204 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes, a mighty 7p per point. I think it used to be 23p per point until last year. It will probably be even less if the merger with the Co-op goes through at this year's AGM.
  • kostigovs
    kostigovs Posts: 215 Forumite
    What bonus? Does this apply to all depositors with Britannia?
  • Milarky
    Milarky Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    I've just gone to their website and it appears (from their 'calculator') a saver needs more than £3000 even to qualify for a reward payment. Let's see now, you give them £3K for 12 months at 1or 2% (say 3% less than available elsewhere) That's a £30 'gift' to Britannia and in return they give you a couple of quid...

    (Some 'reward'!)
    .....under construction.... COVID is a [discontinued] scam
  • apt
    apt Posts: 3,204 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You need to a member for at least 2 years and to earn at least 25 points (e.g. average balance of £2,500). But it's reduced by so much that it is hardly significant - a maximum of 0.14% extra gross interest for savers who've been members for over 10 years.
  • ad44downey
    ad44downey Posts: 2,246 Forumite
    Milarky wrote: »
    I've just gone to their website and it appears (from their 'calculator') a saver needs more than £3000 even to qualify for a reward payment. Let's see now, you give them £3K for 12 months at 1or 2% (say 3% less than available elsewhere) That's a £30 'gift' to Britannia and in return they give you a couple of quid...

    (Some 'reward'!)
    It's a pathetic gimmick. Instead of this silly bonus scheme they should try paying a decent savings interest rate!. It's all smoke and mirrors
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • ad44downey wrote: »
    It's a pathetic gimmick. Instead of this silly bonus scheme they should try paying a decent savings interest rate!. It's all smoke and mirrors

    Proved by fact that none of the other Building Societies copied it. ;)
  • brewerdave
    brewerdave Posts: 8,614 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I transferred my ISA out a few weeks ago cos the rate is so poor - who cares about a miserable bonus!
  • steady__eddie
    steady__eddie Posts: 1,455 Forumite
    Part of the Furniture Combo Breaker Uniform Washer
    "Let's see now, you give them £3K for 12 months at 1or 2% (say 3% less than available elsewhere)"

    Well I'm still getting 7.5% fixed and 6.35% fixed off them, aren't you ? :D
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