West Bromwich new fixed rate

ManAtHome

ScarletBea wrote: »

at the end, go online or to a branch and get the money out without hassle.

I had a West Bromwich postal bond which matured last year - they sent me a form a few weeks before maturity and one of the options was to pay into my bank account (arrived within a couple of days).

With most online fixed term savings, you have to set up an instant-access savings account and leave it semi-dormant waiting for the end-of-term transfer, so I don't really have a problem with postal-only fixes.

ScarletBea

Thanks all.

Baldur wrote: »

If you go through their Savings Finder, the only online fixed rate account is shown as the '1 Year Guaranteed Growth Bond', however when you continue to the account details, the summary box says "Access - At a branch / by post / by telephone"

I went to check again and it does say that once it's opened, you can only move it by post and phone.

In the end I think it just boils down to the fact that I just know they won't be able to verify my id online and will ask for documents to prove. After already sending them by post once and having a bit of trouble, I prefer to have a branch near me where I can just pop in with the stuff, they copy it and everything's fine (like I did with the YBS).
Sorry for wasting your time

oldagetraveller

Thanks to those who replied. I suspect the certificate should have arrived by now. Time for a 'phone call methinks.

bootman

I am find this account so frustrating to open.
1 st form and cheques sent 21st April. They claim never arrived, so had to faf around getting everything stopped and cheques re issued.

Apllication 2 sent off 5th MAY, just called to be told they did get it but a letter is on its way asking for more ID.

This has to be the slowest account for me to get open and they do not respond to emails on their contact page either

Gorgeous_George

I sent my cheque by recorded post. I have opened other online accounts with no hassle and expect the same from West Brom.

Any messing about and the money can go back into my offset.

GG

meter_maid

New to this,thinking of investing in this ebond.
Can anyone please tell me what are the risks involved,is my money guaranteed ?

Baldur

meter_maid wrote: »

New to this,thinking of investing in this ebond.
Can anyone please tell me what are the risks involved,is my money guaranteed ?

'ebond' is really a misnomer - it's basically just a fixed rate savings account, so has exactly the same FSCS guarantee as any other savings account.

<Edit> The 1 year issue 22 has been withdrawn, details of the replacement Issue 23 can be found HERE.

soolin

I sent my cheque off standard mail on Wednesday, had an email Friday to say it had been received and cheque has already shown up in my issuing bank.

I'm impressed so far. The last account I tried to open was with Sainsbury's where I already had an account, they messed me around for blooming weeks and made all sorts of errors.

baby_boomer

baby_boomer wrote: »

A useful snapshot of West Brom's perceived prospects is the yield on their PIBS (permanent interest bearing shares).

Coventry BS - 6.92%
Nationwide BS - 7.23%
Skipton BS - 7.39%
Yorkshire BS - 7.53%
Manchester BS - 8.00%
Nottingham BS - 8.2%
Leeds BS - 8.66%
Newcastle BS - 9.03%
Kent Reliance BS - 9.15%
Britannia BS - 9.26%
Principality BS - 9.33%
West Brom BS - 12.18%
Northern Rock - 16.61%

Steve_xx wrote: »

I suggest that you are scaremongering here........

This is the sort of talk that causes runs on institutions and it really is not helpful.

West Brom is in rescue talks according to the Sunday Times.

"...the first of a new series of expected bailouts in the sector..."

But no-one wants the West Brom in its current form so it is likely that the government will have to step in.

Baldur

baby_boomer wrote: »

West Brom is in rescue talks according to the Sunday Times.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6301642.ece