Britannia Rewards for 08 / 09

TuftyMatt

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!!

ShaneUK

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

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

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

What bonus? Does this apply to all depositors with Britannia?

Milarky

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'!)

apt

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

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

bristolleedsfan

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

I transferred my ISA out a few weeks ago cos the rate is so poor - who cares about a miserable bonus!

steady__eddie

"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 ?