B&b 6.4%

sloughflint

There is another thread on application problems but may I ask those who've applied and deposited funds:
Are you happy with the account or used B&B before?

I've applied, experienced the misleading messages during application phase described in the other thread and wonder whether to bother with them?

Should I persevere?

Victors_Bruvver

Don't touch them with a barge pole.

The management of this esavings division of B&B is, in my opinion, inept and probably could not organise a booze up a brewery, so to speak. I have cancelled our account with B&B and now thinking of taking up the new 6.3% offer from ING. Even with their recent poor record of not keeping their savings rates in line with the BOE interest rate increases, they did at least set up a very efficient ways of opening and servicing those accounts. But they are Dutch, aren’t they?

bristolleedsfan

whilst only paying 6.20% gross yorkshire BS internet saver has the advantage of a link card option thus offering true "instant access"

http://www.ybs.co.uk/savings/online/internetsaver/keyfeatures.jsp

noh

No problems here with the B&B account. Account available online within a week of applying. Money transferred in by DD no problem.
Incidently it appears to be running on the same platform as Icesave provided I believe by the Newcastle Building Society.
http://www.nssl.info/partsystems.htm

Nigel

espresso

Victors_Bruvver wrote: »

now thinking of taking up the new 6.3% offer from ING.

Don't be conned by ING's pathetic short term offer available only to certain customers. The 6.3% AER figure illustrates the equivalent AER if the rate of 6.13% gross p.a. was paid for a full year.

The B&B eSavings account works well once set-up and they are now answering 0800 113333 quickly.

espresso

sloughflint wrote: »

So for those of you who opted for initial payment via DD, did it happen or did you have to manually do it?

Manually after first login. You will probably also get an e-mail telling you that an initial payment can also be made by sending a cheque within 14 days of the account being opened, even if you opted for a DD transfer. It is currently a good interest rate - if it lasts?

sloughflint

espresso wrote: »

Manually after first login.

I see, thanks. So why did they go to the trouble of asking how much I wanted to transfer or how I wanted interest paid.
Doesn't inspire confidence, does it?

noh

Yes DD mandate was done on line. I made my initial payment after the account was set up by manually initiating a DD. Exactly the same way as when I opened the icesave account.
I don't think there is any problem with opening a second Icesave account, you are an existing customer so it should be opened quickly. I would stick with the BB one as you are already there. The administration of both of these online accounts is run from the same place in Newcastle.

Nigel

Moggles_2

Originally Posted by sloughflint
I notice that with Icesave, you start earning interest from date of receipt not the day after like B&B.

With B&B, you earn interest on the day of withdrawal, so it's swings and roundabouts really.

Berisford

I moved a sum into my account by direct debit, however the original DD I set up in the application did not take place and I've since had a request for a cheque to be sent from my nominated account within 14 days or my BB esavings account would be closed!

That cheque was sent on the 3rd of October but nothing has come of it, it's not in the BB account and it's not been closed, so who knows.

sloughflint

Berisford wrote: »

That cheque was sent on the 3rd of October but nothing has come of it, it's not in the BB account and it's not been closed, so who knows.

That's not good enough, is it? So you are in limbo unless you cancel your cheque unsure whether B&B will cash in.
Nope. B&B will not be getting any of my money.