BM Savings - 2 year Fixed Rate ISA - 4.05% AER

xylophone

Transfer to BM took less than a week.
They sent a letter confirming the amount transferred to the 4.05 ISA and the date it was invested - the letter instructed the saver to keep the letter as it was a record of the account number and the deposit advice note.
A Customer Service Guide was enclosed with the letter.

Zekko

I need to make a full withdrawl from my 4.05% fixed rate ISA (postal account). The BM Savings websites says I need to send them a 'signed withdrawl form' to the address noted.
Does anyone know where this form is located on their website? I can't find it for looking.

I would try ringing them however their phone lines don't appear to open on Sundays.

innovate

Seems a letter of authority will do instead of a withdrawal form.http://www.bmsavings.co.uk/existing-savers/managing-your-account/managing-your-postal-account/

Snowbelle

This comes to an end soon and had a letter saying I can transfer to a 1yr fixed rate of 1.8% - need to let them know before 31st March or they will move it to another account until I make my mind up. Would appreciate any advice on what to do with it?

10_66

Snowbelle wrote: »

This comes to an end soon and had a letter saying I can transfer to a 1yr fixed rate of 1.8% - need to let them know before 31st March or they will move it to another account until I make my mind up. Would appreciate any advice on what to do with it?

Mine's ending mid April. I've decided to put it into a variable rate for the moment (with more or less the same rate as the one to which you refer). All the rates are so hopeless now.






.............

brewerdave

We were only offered 1.6% for 1 year?? I decided to move mine elsewhere on maturity (27th March) but BM have cocked up and moved it a few days early EVEN THO' the transfer form had a box to tick for don't move til after date.
It's resulted in a loss of over £100 in interest (~ 3 months @4.05%):mad:
I have emailed BM this morning as the receiving bank are blaming them!!

Even more confusing -this morning in the post I've received a letter from BM saying that,as per MY instructions,they have moved it to a BM ISA Extra Issue 7 ?????

Snowbelle

brewerdave wrote: »

We were only offered 1.6% for 1 year?? I decided to move mine elsewhere on maturity (27th March) but BM have cocked up and moved it a few days early EVEN THO' the transfer form had a box to tick for don't move til after date.
It's resulted in a loss of over £100 in interest (~ 3 months @4.05%):mad:
I have emailed BM this morning as the receiving bank are blaming them!!

Even more confusing -this morning in the post I've received a letter from BM saying that,as per MY instructions,they have moved it to a BM ISA Extra Issue 7 ?????

That's odd have just checked and definitely been offered 1.8%. Mine dosent mature till mid April but still have to let them know before 31st March.

nanjo

mine also matured at 27 April, and they never offer me with this rate, only ask me to contact them with the re-invest option , if not they will transfer into ISA matured funds AC @ 0.5%

just spoke to them; they said because I opted out the marketing/product option, hence no offer, but they are going to send one for me now.

hgt

Remember chaps Virgin Money have a 1-year fix ISA at 2% (available until 05/04. It's not available on their website as technically it's for existing customers only. Though if you search on these forums you will find the link, Virgin have confirmed they will honour the rate for anyone who applies (even if you're a new customer). Also Virgin customer services is miles better than BM IMHO. I've had lots of products with BM in the past but got fed up of the constant bad service and mess-ups.

Should also mention you have 30 days to get funds into the Virgin account... so if you were to open on the very last day (5th April) I reckon that gives you until the 5th May to deposit - so might just make it in time to transfer a maturity from BM.

Snowbelle

hgt wrote: »

Remember chaps Virgin Money have a 1-year fix ISA at 2% (available until 05/04. It's not available on their website as technically it's for existing customers only. Though if you search on these forums you will find the link, Virgin have confirmed they will honour the rate for anyone who applies (even if you're a new customer). Also Virgin customer services is miles better than BM IMHO. I've had lots of products with BM in the past but got fed up of the constant bad service and mess-ups.

Should also mention you have 30 days to get funds into the Virgin account... so if you were to open on the very last day (5th April) I reckon that gives you until the 5th May to deposit - so might just make it in time to transfer a maturity from BM.

Thanks for this have found the link. When would be the best time to open this account as my BM ISA matures on 24th April and it says limited issue so may be pulled before this.

Also, it says to open the account you need to deposit £1 first and then you can transfer funds in - how would this work as I have used my ISA allowance for 2013/2014.