Derbyshire Building Society 3.06% AER easy access

SnowMan

Rollinghome wrote: »

They've got a handy facility to switch to their latest issue. Just log into your account and follow the link and it's updated to issue 11 the next day. Only 1.70% including bonus to 30 June 2014 but now one of the best of it's kind out there. I've left a pound there for insurance.

And those who had the foresight to open earlier issues (not me) that are now closed can do the same thing to switch to

issue 4 - 3.06% variable up to 30th November 2013
issue 5 - 2.9% variable up to 31st January 2014
issue 6 - 2.75% variable up to 28th February 2014
issue 7 - 2.5% variable up to 28th February 2014
issue 8 - 2.2% variable up to 28th February 2014
issue 9 - 2.36% variable up to 28th February 2014
issue 10 - 2% variable up to 31st March 2014

pqrdef

You can "upgrade" a NetSaver to the current issue online now, if you haven't got a better idea.

You may still need the minimum £1000 opening balance.

I'm a bit surprised that Issue 11 is still on sale, because after tomorrow it'll have less than 12 months to run.

Rollinghome

pqrdef wrote: »

You may still need the minimum £1000 opening balance.

Seems they don't bother with that for a transfer. I removed everything bar a pound before I decided to transfer to issue 11 and still went through ok. There was also some interest paid on the transfer but less than £1k (which I also withdrew). Will be desperate times if I need to use it but it's there.

Stompa

I'm always mystified by the way Derbyshire show interest transactions, with the Net amount (rather than Gross) in the 'In' column and tax paid in the 'Out'.

Ifts

Top marks to the Derbyshire Building Society for the ease in which it lets its customers upgrade their old NetSaver to the latest Issue (Issue 11 - 1.70%), I was pleasantly surprised how easy it was to do it.

After seeing post#41 by Rollinghome I decided to upgrade from an old issue to issue 11 yesterday, logged into the account today to check and its showing as issue 11.

Makes life a lot easier when they let you redesignate your old account this way, saves you having to close and re-open the account and you get to keep the same account details.

Hungerdunger

Stompa wrote: »

I'm always mystified by the way Derbyshire show interest transactions, with the Net amount (rather than Gross) in the 'In' column and tax paid in the 'Out'.

And I also find it mildly annoying that you can't print out a statement with an opening and closing balance. (Unless I'm missing something obvious)

skitskut

I was going to update to issue 11 but now it seems the latest is issue 12 @ 1.40%!

Stompa

skitskut wrote: »

I was going to update to issue 11 but now it seems the latest is issue 12 @ 1.40%!

Phew, lucky I opened one yesterday then!

SnowMan

Ifts wrote: »

Top marks to the Derbyshire Building Society for the ease in which it lets its customers upgrade their old NetSaver to the latest Issue (Issue 11 - 1.70%), I was pleasantly surprised how easy it was to do it.

After seeing post#41 by Rollinghome I decided to upgrade from an old issue to issue 11 yesterday, logged into the account today to check and its showing as issue 11.

Makes life a lot easier when they let you redesignate your old account this way, saves you having to close and re-open the account and you get to keep the same account details.

The other thing to say is that Derbyshire have been very good at not reducing the variable rate during the bonus period on all these different issues, at a time when interest rates have been falling.

They compare favourably with the likes of M&S and the Post Office who like to play the game of attracting people in with a good savings rate which they reduce shortly afterwards.