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New - Asda Internet Savings - 6.35% AER
Secret_Wookie_2
Posts: 54 Forumite
Asda have just launched their first ever savings account today.
Looks good if you want to spread some money around for security.
Details below...
http://www.asdafinance.com/internet-savings.html
Looks good if you want to spread some money around for security.
Details below...
http://www.asdafinance.com/internet-savings.html
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Comments
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...unless you already have a large amount with B&B...Secret_Wookie_2 wrote: »Looks good if you want to spread some money around for security.
The rate also includes a 0.6% bonus for 12 months.ASDA Internet Savings is provided by Bradford & Bingley plc, who are authorised and regulated by the Financial Services Authority (FSA reg no 106126).0 -
Minimum £100 to open
Can only transfer out to 1 nominated account
Payments in are by direct debit
If balance drops below £100, a nominal rate of interest is paid. The T&Cs refer to an interest rate table, which I couldn't find!0 -
interestingly its run by the ex 6.4% aer B&B0
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Is this like Sainsbury's though which is HBOS but not HBOS when it comes to the £35,000 or are they the exact same?Noobie (not so
) trying to make loads a dosh - please bear with all my questions :beer: Thanks 0 -
Looks like the 6.35% is only for 12 months after which, it will drop 0.6%.
Although it sounds like you have one nominated account for paying in, and one nominated account for withdrawals. The T&Cs say these are one and the same account.
Can't withdraw against deposited funds for 6 working days.0 -
So, only an extra 0.1%, and nowhere near as simple and flexible as the Sainsbury's account. It's not "floating my boat".The acquisition of wealth is no longer the driving force in my life.
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