Bradford & Bingley increase eSavings ISA rate - 5.30%

Kazza242

According to Moneyfacts, Bradford & Bingley have increased their eSavings ISA rate by 0.15%, from 5.15% to 5.30%, w.e.f. 3 December 2006.

Details here.

Also, as already posted on the Savings and investments board, B&B have also increased their eSavings account rate to 5.35%, also w.e.f. 3 December 2006. Details here.

alwin

Second time now that B&B have not passed on the full increase on the E ISA:mad:

Cypher

I've just had an e-mail from Bradford and Bingley confirming the above 0.15% rise in interest rates :mad:

I'd only just opened my ISA with them a month before, wish I had waited a while longer now.

An extract from the e-mail

Following the Bank of England’s recent decision to raise the Bank Base Rate, I am pleased to tell you that on 3rd December 2006, we will be increasing the interest rates

now why didn't that say

"Following the Bank of England’s recent decision to raise the Bank Base Rate by 0.25% we are only rising our interest rate by 0.15%"

Gambler

Cypher wrote:

I've just had an e-mail from Bradford and Bingley confirming the above 0.15% rise in interest rates :mad:

I'd only just opened my ISA with them a month before, wish I had waited a while longer now.

An extract from the e-mail



now why didn't that say

"Following the Bank of England’s recent decision to raise the Bank Base Rate by 0.25% we are only rising our interest rate by 0.15%"

I'm glad they lost my deposit cheque now !!

markd_2

Especially with NS&I being 5.55% and instant access..

Gambler

markd wrote:

Especially with NS&I being 5.55% and instant access..

Unfortunately NS&I don't accept transfers.

Cypher

you could I guess transfer into the standard NS&I ISA and then transfer to the Direct ISA.

Is it worth it for 0.25% (£7.50 on 3k)

and how much would you loose during the two transfers.

jamesd

You can't do that two step transfer.

Cypher

Yes

I saw on their mini cash ISA you could transfer in from another provider. Where as the Direct ISA could only transfer from the NS&I mini Cash ISA so I assumed you could do the 2 step approach but I just checked after reading your reply.

From NS&I FAQ's
I already have a cash mini ISA – can I transfer it to an NS&I Direct ISA?
We don’t accept transfers from other providers to our Direct ISA. However, you can transfer an NS&I cash mini ISA to a Direct ISA, provided you opened your cash mini ISA with us no later than 5 April 2006.

that scuppered that idea then.