The Top Easy Access Savings Discussion Area

Ifts

Stan.In.Devon wrote: »

Have to say the lengths you have to go to to open a BM Internet savings account defy belief. It's been weeks and weeks and still there are more procedures to complete before they'll let me give them my money .. and that was with me already being a BM account holder.

Not sure if you had an old BM Internet Savings account - But just so you know you can re-designate an old BM Internet Saving Account to their latest offering over the phone...

I had a old online BM internet savings account on which the bonus had dropped off, a little while back (when they started to offer 1.30% rate) I phoned them and got it re-designated to the latest issue.

It's easier than going through the whole online application process again - you get to keep your existing BM internet savings account number, same online login details work and the linked account details remain the same. Also no I.D. check where they require you to send in a cheque from the linked account or statements.

ButtersUK

No, I 'm afraid none of the above applied in my case. Obviously I've been on the phone to them throughout and despite having had accounts with them (yes, they were old ones) I had to start from scratch for the Internet acct. .... I followed their instructions and still haven't had the final part of the jigsaw through my letterbox yet. They've had my cheque (ages ago) but still we wait.

It's not the end of the world but it certainly hasn't been a quick process.

FOREVER21

I also had an old BM on line saving account, and logged in with my user name and password, also then used one of the security, questions,only then to be told this account has been de registered

My experience in trying to open a new online Saver was application sent3/Dec. I then within a week got information to say a linked account had been set up.

I really thought others complaining. must have got it wrong. but no to-date I have not received any more letters.

I will just have to wait and see if there is any thing happens. One thing If I eventually get a request for the opening deposit I will limit it to the minimum £1. as I just don’t trust this lot!

ButtersUK

Noted ... but I've received my request for an opening payment by cheque some time ago....and sent it (£1) ..... but that was only one of the many steps I need to take - I'm still not there. In fact I just rang them again because I'm waiting for a "Username". Apparently I should already have it ... they're posting it out to me (again). They can't tell me what it is over the phone and can't email either. This feels like the "Dark Ages", but I guess there's a reason for everything.

dekkard

The AA are now offering a 1.32% Easy Access account, the best offering out there currently.

ButtersUK

And who administers the AA accounts?

Yes, indeed, BM.

dekkard

Previously, but now Bank of Ireland according to the site.

AirlieBird

dekkard wrote: »

Previously, but now Bank of Ireland according to the site.

And have done so since 2015.

ButtersUK

Ah, then I apologise and stand corrected.

gunjin

I really wish MSE would indicate which savings companies use Faster Payments and which still use BACS. Waiting 2-4 days for a transfer to complete is inefficient and tedious and a deal-stopper for me nowadays.