Bath Building Society Regular saver

Speculator

Bath BS have increased the rate on their regular saver account by 0.75% to 6.00% with effect from 11/9

Min £20 pm
Max £250 pm

I penalty free withdrawal permitted per year.

Max Balance £15,000
One payment per month allowed.
12 monthly payments required

You can increase your monthly payments at anytime but once increased you can not decrease the monthly investment.

More info here
http://www.bathbuildingsociety.co.uk/Products.aspx?ProductID=3&ProductType=Easy%20Access%20Accounts&ProductTypeID2=1

mary

Will this be a fixed or variable rate?

Speculator

It's variable.

steady__eddie

Where did you get the info. from about the increase to 6% w.e.f 11/09/06 ?
I scoured Bath's site but couldn't see any reference !

Kazza242

steady__eddie wrote:

Where did you get the info. from about the increase to 6% w.e.f 11/09/06 ?
I scoured Bath's site but couldn't see any reference !

The info, including the date the new rate comes into effect, is on the Moneyfacts website. If you do a Product Search, select Savings and then Regular Savers, the Bath BS account appears on page 2 of the search results. Click on Details and you will see that '11/9/2006' is specified in the 'With Effect From:' field.

Moneyfacts' regular savings products list.

Moneyfacts' Bath BS regular saver details info.

Speculator

Just to note that this a/c is is not the same as thier closed issue Bonus Builder regular Savings a/c which only pays around 5.15%.

I might close my Bonus Builder and open this 6% regular saver.

steady__eddie

I also have one of these bonus builder a/c.s but isn't this a 36 month affair and if you don't complete, you dip out on the bonus rate ? I've only got about 8 months left on it anyway so I'll keep it going to the death.
I've just emailed them to confirm if I am eligble to open a new one 'cos they specified that only one bonus builder could be opened/customer.As this is a new account not a revamp of an old one, I presume that there shouldn't be a problem ?

Speculator

Just dug up the terms and conditions for Bonus Builder 2, yes you're right, it's has a three year term.

Luckily, mine matures on the 30th of October 2006 and you're allowed one penalty free withdrawal per year. I might transfer £100 over to the new account.

Remember, with the new account, you are allowed to increase your monthly contribution but you can't decrease it.