MSE News: Derbyshire launches highest-paying easy access savings in 20 months

Jazzy_B

After trying to apply for a couple of hours this afternoon , I've just tried again and the account has been withdrawn

Ifts

I applied on the 1st October, and selected to have the application sent out to me. After speaking to them just now I was told the same on the phone by the Derbyshire as vulcan59 posted above.

If you have already submitted an online application form, we must receive your initial deposit cheque and supporting documentation by 12th October 2011.

Told me they had my details on their database and the application pack should be on its way to me. They will honour the account opening as long as the application they are sending out to me gets back to them signed and accompanied by the initial deposit cheque by 12th October 2011.

Hopefully I will receive it and get it back to them before the 12th!

MiserlyMartin

Goodness, the MSE email about this account only came out today and within hours this account is over subscribed and closed. This shows how desperate Britains hard pressed savers have become, as they see their hard earned cash ebb away due to runaway inflation ten times the bank base rate!

The government should tackle the morons on the MPC about this, better still sack Mervyn King and the others for failure to hit their inflation target for nearly 3 years. But no, they would rather prudent savers suffer instead of the irresponsible overborrowed. Makes me sick. Theres a protest tomorrow outside the Bank of England.

Deflation was always a smokescreen and they still peddle this myth.

apt

MiserlyMartin how high do you want unemployment to go so you can get 5% interest on your savings? Four million, five million? It's not been a good year for cash savers, but others have suffered more.

talexuser

MiserlyMartin has not caused the crisis that may lead to 4 or 5 million unemployed, but he sees those that have still in charge, and pocketing huge bonuses that mean they are never worried about their savings being eroded by inflation and low rates.

MiserlyMartin

apt wrote: »

MiserlyMartin how high do you want unemployment to go so you can get 5% interest on your savings? Four million, five million? It's not been a good year for cash savers, but others have suffered more.

Where to start!!? Unemployment being high or not has no link to the bank of england base rate, goodness knows where you get that idea. Its not been a good 3 years for savers in fact, and lots of people are fed up with it. Those low rates are causing the suffering you speak of, the pressure on household budgets caused by inflation hitting the value of the pound in your pocket. If rates were raised, instead of bailing out over stretched mortgage payers, the pound would strengthen and inflation would fall (which will help everyone including the people struggling with mortgages) Yes it would for we import nearly everything we buy.

A healthy economy is not built on debt and low rates do the wrong thing by STILL encouraging it. Nothing has been learnt from 2008, we are in the same situation all over again but this time with even more debt! Its time to face the music this time and stop printing and bailing out banks which should no longer exist.

Jazzy_B

I tried for ages yesterday and when I turned on computer this morning, I had my web page from derbyshire saved. it has just allowed me to make an application. I don't know if it will work for you but here's the link

paulturner

You are a bloody genius Jazzy......the link worked!

Thank you so very much :T

Jazzy_B

Thanks for the accolalade, but it was pure luck :j. Pleased it worked for you, but I don't think that webpage will stay around for long

DragonQ

I've just applied and hopefully I'll get my chequebook in time to send them the stuff by next day delivery so it reaches them by the 12th.

I have two questions though:

1) Does anyone know if they accept printed bank statements? I've actually applied for an account before where they didn't accept my branch-printed statement but did accept my printed online statement!
2) Who do I make the cheque out to?