HSBC: 6% (fixed) on Current Accounts for new **and existing** customers

dougz_2

I received a letter from them today dated "April 2013". They are admitting that they should have sent an earlier reminder that the rate was due to expire, and that because of this they are extending my 6% until 12 June 2013.

So looks like we end up with roughly 50% longer than the original deal

10_66

dougz wrote: »

...So looks like we end up with roughly 50% longer than the original deal

Jammy!.....

redkenny

dougz wrote: »

I received a letter from them today dated "April 2013". They are admitting that they should have sent an earlier reminder that the rate was due to expire, and that because of this they are extending my 6% until 12 June 2013.

So looks like we end up with roughly 50% longer than the original deal

Just got the same letter. Slightly annoyed I transferred out when the 12 months was up now, but I've topped up to 2500 and will leave it there until the 12th and then I'll probably close the account down. I've had the account for 16 years and generally they've been quite good, but once the interest period is up I won't be offering anything I can't get from the better current accounts on offer.

Careful_ly

I have now had the letter, dated May.
It says they should have informed me my rate was coming to an end and have reinstated the 6% until 7th July.
The interest will be calculated from 1st February to 7th July, and added by 21st July.
Need to fund the account again now.:j:j:):)

zzzt

Milarky wrote: »

However they will retain login details from previously held accounts and expect you to use these, I have found. Technologically, that's the Dark Ages.*

Slightly off-topic, but relevant to your post: I had a smile account and when I opened an account with Co-operative Bank they never asked me to choose any security details and then I phoned up to find out what they were and was told I'd already chosen them and he read them out to me. They were the same as my smile ones. That made me feel quite uneasy. Doesn't seem very safe does it?

DragonQ

zzzt wrote: »

Slightly off-topic, but relevant to your post: I had a smile account and when I opened an account with Co-operative Bank they never asked me to choose any security details and then I phoned up to find out what they were and was told I'd already chosen them and he read them out to me. They were the same as my smile ones. That made me feel quite uneasy. Doesn't seem very safe does it?

Them being automatically the same as the Smile ones isn't a problem. The fact that they can read them out to you is a huge problem - only the hashes of passwords should be stored server-side. This doesn't work for PINs where you only enter some of the digits but for anything where you have to enter the whole string, it should not be stored on the server at all.

anoncol

DragonQ wrote: »

Them being automatically the same as the Smile ones isn't a problem. The fact that they can read them out to you is a huge problem - only the hashes of passwords should be stored server-side. This doesn't work for PINs where you only enter some of the digits but for anything where you have to enter the whole string, it should not be stored on the server at all.

Actually it should be hashed and salted!