Sick to death of interest chasing with same banks

simon_templar_2

Old_Slaphead wrote: »

There may be a way around this.

When opening a new account that requires a meeting with 'advisers' I say at the start of the 'interview' that I wish to open the specified account that I am absolutely not interested in anything else and would they not try any 'sell' other products to me.

Seems to work if you lay the groundrules down at the start because they've never seriously tried to flog me anything (apart fromn the occasional 'have you got a will' or 'we've some great insurance offers if you're interested')

Shall we come to your work and tell you what to do?

projexe

The worst thing is finding out what the current rate of interest is on your savings account in the first place. The rate is invariably not immediately visible, involves finding a tiny link, sometimes not even on the same page, and then trawling through a list of accounts all with similar names and different issue numbers.

I ask myself - what is the most important thing about a savings account. Answer : the interest rate. It's just a cynical attempt by banks to try and hide interest details so savers can't make informed decisions.

So why can't institutions be made to display the current rate on their internet account pages.

Old_Slaphead

simon_templar wrote: »

Shall we come to your work and tell you what to do?

Personally no, that won't be necessary.

Do you work for a bank by any chance?

FWIW my bank regularly comes to work and rather patronisingly "advises" me how to run my business (usually with the aim of maximising the bank's interest and charges). I used to bank with RBS - needless to say, I've junked them and gone elsewhere.

baby_boomer

What if we legistlated for all banks to only offer one type of account in each category? No more "Newcastle BS Internet a/c version 7".

We could restrict our savings institutions to:

Internet instant access
Branch instant access
90 day notice
Monthly Saver ending after 12 months
Ongoing Monthly Saver
1/2/3/4/5 Year Bonds.

And to spice it up we'd let them offer variable and fixed rate interest in each category.

That's 20 possible accounts per institution but we'd still see a drop in our choice, and a drop in our interest rates.

Surely that's not what the OP actually wants, is it ?

nicko33

arzosahr wrote: »

Keying ID isn't a problem for us, but you can't seriously expect to open an account over the counter?

If someone turns up with the forms filled in and ID, how hard would it be to find someone to copy the ID, take the form off them, and open the account later. Job done. No different to them sending it all in by post, except it saves you the hassle of posting the ID back.

edit:
I probably meant saves us the hassle of risking you losing our ID docs

arzosahr

nicko33 wrote: »

If someone turns up with the forms filled in and ID, how hard would it be to find someone to copy the ID, take the form off them, and open the account later. Job done. No different to them sending it all in by post, except it saves you the hassle of posting the ID back.

edit:
I probably meant saves us the hassle of risking you losing our ID docs

Yes i agree - ID to a branch is much safer than posting stuff off....

Like i said the cashiers and receptionist in my branch (no idea how other places work tbh) do key the ID for customers... if there is an application form then fine we do take them and give them to an advisor to key later on if there isn't anyone free...

But the ID is keyed normally while our customer is in front of us as that only takes a couple of mins to do - it's the opening of the new account bit that we don't do at the counter :rolleyes: