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since when did the word 'plus' mean 'included'?

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yallapilko
yallapilko Posts: 70 Forumite
in Savings & investments
Hi,
I opened an account with the West Brom Buildings Society with the headline rates listed as 3.17% plus 1.42 uncondition bonus (up to 31st oct 2012).

It turns out that the interest is not 'plus' but actually 'included' in the 3.17%.

I was looking forward to an additional 1.42% on top... but I was told today this was not the case and that the interest is included and that the word 'plus' meant it was actually 'inluded'!!!!

Is this normal practice to use the word 'plus' to mean 'included' in the world of savings?
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Comments

  • sorcerer
    sorcerer Posts: 878 Forumite
    I would have been very suspecious of this since their is no way somebody is going to offer a rate of 4.6% for 1 year fixed rate.
  • yallapilko
    yallapilko Posts: 70 Forumite
    Well this account wasn't opened last week, but a few months ago.

    But surely they cant' word it like this no matter how suspect their advertising?
  • dunstonh
    dunstonh Posts: 119,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Is this normal practice to use the word 'plus' to mean 'included' in the world of savings?

    Tell us exactly what it says so we can put it in context and not rely on your memory.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    3.17% plus 1.42 uncondition bonus

    It is poorly worded. Plus should be replaced with, "including the", if the bonus is included, or "plus a" if the bonus is in addition to.
  • AirlieBird
    AirlieBird Posts: 1,046 Forumite
    Nope. Can't see "plus" but can see "includes".

    http://www.westbrom.co.uk/westbrom/news?id=2594
    Offers a rate of 3.17% AER/gross p.a. variable. This includes a 1.42% unconditional bonus paid until 31 October 2012
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
  • yallapilko
    yallapilko Posts: 70 Forumite
    edited 28 November 2011 at 11:25AM
    Will post up this link.
  • ctdctd
    ctdctd Posts: 1,098 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    So no mention of the word "plus" anywhere then?
    Do Money Saving sites make you buy more bargains - and spend more money?
  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    edited 28 November 2011 at 11:55AM
    sorcerer wrote: »
    I would have been very suspecious of this since their is no way somebody is going to offer a rate of 4.6% for 1 year fixed rate.

    I would have been very suspicious of this since their is no way somebody is going to offer a rate of 4.6% EVEN for 1 year fixed rate. The account obviously wasn't a one-year fixed rate. Such an account would not have had a one-year bonus.

    It might have helped if the OP had specified the name of the account.

    Update: There was / is an account called WeBSave Plus perhaps that's where the confusion arose.
  • yallapilko
    yallapilko Posts: 70 Forumite
    edited 28 November 2011 at 11:54AM
    Yep, just the link as above...
    http://www.westbrom.co.uk/westbrom/news?id=2594
    Guess it will be a salutory lesson to investigate things more carefully!

    Think I will now transfer to another company for a better rate....
  • le_loup
    le_loup Posts: 4,047 Forumite
    Do you want to change the header for this thread then?
This discussion has been closed.
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