General Discussion and Whimsical Banter

jameseonline

Bridlington1 said:

I've just noticed Bath BS have opened up their Instant ISA and Instant Access account up to all UK residents, both of which can be opened with £1. Most of Bath BS's products are restricted to people who live, work or study in Bath or are existing Bath BS members with 12 months continuous membership so it could be worth seizing on the opportunity to ``get a foot in the door" so to speak.

Also with the new ISA rules coming into effect next week there are a couple of building societies which have cash ISAs that can be opened by all with £1 whilst their non-ISA accounts have higher minimum balances, these include Mansfield BS and Harpenden BS. There may be others this applies to but I can't think of them off the top of my head.

Ahh the good old deposit & hopefully get access to decent products in the future trick, worth a go for £1.

Got £1 in Skipton & £100 in Cambridge for same reason.

Thanks.

jameseonline

ircE said:

pecunianonolet said:

Bridlington1 said:

I've just noticed Bath BS have opened up their Instant ISA and Instant Access account up to all UK residents, both of which can be opened with £1. Most of Bath BS's products are restricted to people who live, work or study in Bath or are existing Bath BS members with 12 months continuous membership so it could be worth seizing on the opportunity to ``get a foot in the door" so to speak.

Also with the new ISA rules coming into effect next week there are a couple of building societies which have cash ISAs that can be opened by all with £1 whilst their non-ISA accounts have higher minimum balances, these include Mansfield BS and Harpenden BS. There may be others this applies to but I can't think of them off the top of my head.

Have there been any competitive products in the past by Bath BS as the current rates are not very competitive and I am not sure if I want to open yet another account with just £1 in it I may never use (as so many others) if there is no evidence that there were opportunities in the past for this scenario.

The fact that they're opening up to a wider pool of members implies they're in need of deposits, so perhaps there may be better rates to come from them in the future. Thanks @Bridlington1.

Do you think Bath BS is in trouble?

Do you think other Building Societies will open up their products?

Bridlington1

jameseonline said:

ircE said:

pecunianonolet said:

Bridlington1 said:

I've just noticed Bath BS have opened up their Instant ISA and Instant Access account up to all UK residents, both of which can be opened with £1. Most of Bath BS's products are restricted to people who live, work or study in Bath or are existing Bath BS members with 12 months continuous membership so it could be worth seizing on the opportunity to ``get a foot in the door" so to speak.

Also with the new ISA rules coming into effect next week there are a couple of building societies which have cash ISAs that can be opened by all with £1 whilst their non-ISA accounts have higher minimum balances, these include Mansfield BS and Harpenden BS. There may be others this applies to but I can't think of them off the top of my head.

Have there been any competitive products in the past by Bath BS as the current rates are not very competitive and I am not sure if I want to open yet another account with just £1 in it I may never use (as so many others) if there is no evidence that there were opportunities in the past for this scenario.

The fact that they're opening up to a wider pool of members implies they're in need of deposits, so perhaps there may be better rates to come from them in the future. Thanks @Bridlington1.

Do you think Bath BS is in trouble?

Do you think other Building Societies will open up their products?

I doubt this means Bath are in trouble. They have previously offered their 16-25 RS to all and their LISA has occasionally been open to all in the past. ESBS, SRBS and Newbury often flick between having accounts open to all and postcode restricted as do Mansfield with some of their accounts.

I suspect it's more likely to be a sign that Bath want some new customers outside of Bath and/or want some more people to deposit savings with them without necessarily having to increase their other savings rates rather than them being in any sort of trouble.

jameseonline

Just tried getting a Bath Online/Instant Access account via my phone, been told something went wrong & the next page looked messed up

jameseonline

Bridlington1 said:

jameseonline said:

Bridlington1 said:

I've just noticed Bath BS have opened up their Instant ISA and Instant Access account up to all UK residents, both of which can be opened with £1. Most of Bath BS's products are restricted to people who live, work or study in Bath or are existing Bath BS members with 12 months continuous membership so it could be worth seizing on the opportunity to ``get a foot in the door" so to speak.

Also with the new ISA rules coming into effect next week there are a couple of building societies which have cash ISAs that can be opened by all with £1 whilst their non-ISA accounts have higher minimum balances, these include Mansfield BS and Harpenden BS. There may be others this applies to but I can't think of them off the top of my head.

Ahh the good old deposit & hopefully get access to decent products in the future trick, worth a go for £1.

Got £1 in Skipton & £100 in Cambridge for same reason.

Thanks.

I was quite fortunate with Cambridge in that I was able to open their First Account (under 21s only, now reverted into a maturity account) with £1 whilst I still could. I've also got accounts with £1 with Beverley, ESBS, HEBS, Market Harborough, Newbury and Scottish BS for the same reason and have already benefitted from ``Loyalty/existing member accounts" with Bath, Coventry, Darlington, Leek, Mansfield, Monmouthshire, Penrith, Saffron, Skipton, YBS so far.

I want the Penrith 6% Regular 😭

eskbanker

Bridlington1 said:
I doubt this means Bath are in trouble. They have previously offered their 16-25% RS to all....

How long ago was that?!

Middle_of_the_Road

eskbanker said:

Bridlington1 said:
I doubt this means Bath are in trouble. They have previously offered their 16-25% RS to all....

How long ago was that?!

16-25.  Age range?

RG2015

Middle_of_the_Road said:

eskbanker said:

Bridlington1 said:
I doubt this means Bath are in trouble. They have previously offered their 16-25% RS to all....

How long ago was that?!

16-25.  Age range?

Yes indeed, 7.49%

https://www.bathbuildingsociety.co.uk/personal-savings/accounts/regular-saver-accounts/16-25-regular-saver/

jameseonline

Just tried applying via their app, now getting a sort code error for my Virgin Money account 😒😌

That's at least the 2nd time a Building Society doesn't like my Virgin Money account, hmm🤔

jameseonline

Right I went with my Barclays account for nominated account, seems to have worked, my application has been approved.

Says my Unique ID has been posted to me.

When I receive the letter please enter ID and select submit.