Bradford&Bingley 5.15%

mdb99jh

Just received an email from B&B saying that their instant access savings accounts (issues 1 and 2) have been increased to 5.15%

Hurrah! :beer:

GreyPilgrim

So thats a match for ICICI then?

shazkhan111

not on their website

Moggles_2

... instant access savings accounts (issues 1 and 2) have been increased to 5.15%

This is not quite right.

The e-mail says the interest rates on the mortgage bank's eSavings accounts will rise to 5.10% p.a. gross/AER (up from 4.85 AER).

B&B's eISA will pay 5.15% p.a. gross/AER (up from 5.00 AER)

mdb99jh

ooops sorry yes it is 5.10%. Not quite as good as ICICI but close.

I must double check my posts before clicking submit!

Everest

The e-Savings account is tied to the BoE base rate and is guaranteed to be at least 0.25% above. The ISA is guaranteed to match the BoE base rate. It is pleasing that they have raised both accounts (due to take effect on 3rd September); both accounts now remain competitive, and I have always been pleased with their customer service and ease of use. It just troubles me that it takes a full month to pass on the rate change - especially when there is a guarantee on the account. While I appreciate the the T&Cs say that the change will be made within one calander month (or something like that), I still feel cheated. B&B is not alone in having this effect on me, but being as I save primarily with them at the moment, I'm singling them out for criticism.

Froglet

I had an account with them years ago,it was a monthly saver at a good rate.After they became a bank and we got our shares,i left, as their rates went downhill.However it looks as if they have improved,and i applied for their isa,though they nearly lost out after taking so long to up their rate,as the Yorkshire isa was looking better.However as i had the forms just waiting to send off i have done so this morning.Their customer service always was ok so we shall see how it performs in the future.The main reason for changing is that they will transfer in as i have an abbey isa that is quite poor, interest rate wise.

I wonder why they all diifer so much?Surely they know people can easily change ,or is it apathy on a lot of people's part?

Innys

Hmmm - so why did the ISA rate only go up 0.15% but the savings account rose by 0.25%?

Answers on a postcard please to....The Chief Executive, Bradford and Bingley, West Yorks.

Gambler

eSavings 4.85%
eSavings ISA 5.00%

according to their website. Please can somebody confirm the new rates.

Thanks

Moggles_2

From Sunday 3 September, the interest rates on the mortgage bank's eSavings accounts will rise to 5.10% p.a. gross/AER (up from 4.85 AER).

B&B's eISA will pay 5.15% p.a. gross/AER (up from 5.00 AER)

Stonk

Everest wrote:

It just troubles me that it takes a full month to pass on the rate change - especially when there is a guarantee on the account. While I appreciate the the T&Cs say that the change will be made within one calander month (or something like that), I still feel cheated.

Fair point, but it is also worth noting that they are actually one of the faster institutions to pass the rate increase on. I have savings in a fair number of places, and B&B is the only one so far to have announced *any* increase!

The most notable omission at the moment is Nationwide, who are usually good; but also A&L, Birmingham Midshires and Derbyshire BS are particularly disappointing me. I mean, that's the point of Debyshire's Regular Saver now that it pays less than a mainstream no-ties account?!