Bradford & Bingley Notice Saver Online

evenasus

I presume I can open a B & B Notice Saver Online with funds from my B & B eSavings (issue7).
Has anyone had done this already?

3.30% gross/AER (variable) including a variable bonus of 2.80 gross/AER for 12 months from account opening.
£1,000 minimum opening balance.
60 days loss of interest on any amount withdrawn.

Baldur

http://www.abbey-products.com/bradford-bingley-savings/assets/140909versionSAVE0494SEP09T_V3.pdf

2.4 The initial deposit (for a minimum of £1,000) can only be made by:

2.4.1 A personal cheque drawn on an account held in the name of the applicant(s) by a UK bank or building society (refer to clause 3.1.3).

2.4.2 A Direct Debit from a Nominated Account (please allow at least 6 working days for a new Direct Debit request to become effective from the date on which your Account is opened).

TCA

Yes, you can open the new account online and transfer money directly to it from your existing savings account. You need the 7 digit reference from your existing 13 character account number (from memory you ignore the first 3 and last 3 characters) and your new account will appear the next day. I think someone posted here before that it's best to apply when you're not logged in - not sure why this would make a difference but it's how I've done it.

evenasus

I don't think I'll bother with this account.

Two things put me off...

1) Subsequent deposits must be made by Direct Debit from a Nominated Account. Transfers between the Account and any other Bradford &

Bingley accounts you may hold are not available.

2) All deposits and withdrawals are subject to a minimum £1.00 per transaction.

I've never paid a fee to deposit money into a savings account and I'm not going to start now.

withnell

evenasus wrote: »

2) All deposits and withdrawals are subject to a minimum £1.00 per transaction.

I've never paid a fee to deposit money into a savings account and I'm not going to start now.

It just means you can't transfer small amounts like 10p, not a per transaction fee

TCA

evenasus wrote: »

I don't think I'll bother with this account.

Two things put me off...

1) Subsequent deposits must be made by Direct Debit from a Nominated Account. Transfers between the Account and any other Bradford &

Bingley accounts you may hold are not available.

2) All deposits and withdrawals are subject to a minimum £1.00 per transaction.

I've never paid a fee to deposit money into a savings account and I'm not going to start now.

1) Having made my initial deposit online from my existing e-savings account, the "move money" facility still allows for further deposits from this same online account.

2) As withnell said above, this is a minimum transaction amount, not a fee or charge.

evenasus

withnell wrote: »

It just means you can't transfer small amounts like 10p, not a per transaction fee

Doh to me!

Must stop speed-reading!