Welcome Landsbanki!

Oxford_Guy

Paul_Herring wrote:

Grr. Completed application form, and they *still* require proof of both residency and Identity. At least ICICI didn't need them

Are you sure? I think the wording said that you *might* need to provide these details if they can't get all the info. they need from the other details provided, but that they would let you now later if these are required. BTW I did have to send ICICI bank proof of both residency and identity, so they're certainly no better.

Oxford_Guy

frogman wrote:

Interesting timing...there is a very high probability that the BoE MPC will increase the BBR by 25 points the next time they meet on the 9th November. That will make the BBR 5.00% and may force other Best Buys to finally make a move.

The Big Question will be: will they increase their rates 1 month after launch?

I think it's a Good offer but may not be a Great offer...though I'll sign up just in case!

I've applied, but think I may wait to see what they do when (okay, if...) base rates rise in November before transfering substantial amounts. Most my cash is currently with Bradford & Bingley (currently offering 5.1%, though they *did* increase their rates after the last interest rate hike, unlike ICICI... Maybe they will this time too?)

[Deleted User]

It is interesting that applicants seemingly have been presented with differing ID requirements. I can only assume that this is related somehow to the information entered up to the point of 'sending'. Some fields that are optional may, in fact, be helpful.

ashcarrot

"Interesting timing...there is a very high probability that the BoE MPC will increase the BBR by 25 points the next time they meet on the 9th November. That will make the BBR 5.00% and may force other Best Buys to finally make a move.

The Big Question will be: will they increase their rates 1 month after launch?

I think it's a Good offer but may not be a Great offer...though I'll sign up just in case!"

Yeah this was my thought and the only reason I've delayed applying (I already have a 5.1% account.) They will have to increase their rates by 0.05 due to their guarantee whether they will increase the full 0.25% is the question.

Oxford_Guy

Deleted_User wrote:

It is interesting that applicants seemingly have been presented with differing ID requirements. I can only assume that this is related somehow to the information entered up to the point of 'sending'. Some fields that are optional may, in fact, be helpful.

I filled in all the fields and got the blurb about possible proofs of ID, but got the impression this may not bne required unless asked for

the_brickster

Why would anyone get this Icesave account when you can get 5.2% from Birmingham Midshires (http://www.askbm.co.uk/savings/i/deposit/easy/intro.asp).

Is it just the rate guarantee which makes the Icesave more attractive?

ReportInvestor

Midshires' rate includes a 12 month bonus & has no guarantee.

So IceSave is doubly attractive by comparison for those looking for a medium term account to autumn 2009.

Oxford_Guy

the_brickster wrote:

Why would anyone get this Icesave account when you can get 5.2% from Birmingham Midshires (http://www.askbm.co.uk/savings/i/deposit/easy/intro.asp).

Is it just the rate guarantee which makes the Icesave more attractive?

well I gues the Midshires account rate includes a .65% bonus for the first year, so may not be so good long-term, also interest is annual-only, no monthly option, which is annoying...

Cypher

Deleted_User wrote:

It is interesting that applicants seemingly have been presented with differing ID requirements. I can only assume that this is related somehow to the information entered up to the point of 'sending'. Some fields that are optional may, in fact, be helpful.

I filled in both the driving licence and passport sections but it still asked me for additional forms of ID.

ashcarrot

Coz the BM has a 1 year bonus so it becomes unattractive after a year ICEbank doesn't

Dont see a base rate guarantee either so it could just lower it at will like First Direct did.