Stroud & Swindon What a difference!

Jake'sGran

After the hassle I had with Bradford & Bingley when I applied to open a fixed rate bond account and then receiving my cheque back after three weeks I am very impressed with the way Stroud & Swindon work. I applied on line last Sunday for one of their bonds and today received a passbook and their booklet. I am pursuing a claim against B & B but have not yet received their first response!

thebeak

Good news Jake'sGran, it feels good when something works well especially following a bad consumer experience.

I have noticed the following with a few other societies....

Withdrawals or early closure are not permitted from the account throughout the term except on the death of an account holder when the funds can be released without charge.

I realise these fixed term accounts are designed that you leave the money where it is for the term, but is there no way u can get the money, even if you pay a penalty?? Do you know Jake'sGran what your terms allow with S&S??

Jake'sGran

thebeak wrote: »

Good news Jake'sGran, it feels good when something works well especially following a bad consumer experience.

I have noticed the following with a few other societies....

I realise these fixed term accounts are designed that you leave the money where it is for the term, but is there no way u can get the money, even if you pay a penalty?? Do you know Jake'sGran what your terms allow with S&S??

Without looking it up I believe there is a 90 day loss of interest but this is not a problem for me as I never need to get the money out. Another thing I liked was that I can add to the bond which is very unusual. I do believe that this particular bond ends in Aug 08 but I expect they will offer something else then. Just chasing better rates at the moment as I expect the bank rate will be dropping maybe twice this year.

Stavros_3

Jake'sGran wrote: »

I am pursuing a claim against B & B but have not yet received their first response!

B & B Grrrr !. I applied for and was accepted for their 6.8% fixed rate bond. Their terms and conditions stated that the intial deposit had to be received within 30 days. I would have put my large lump sum in after 14 days when I would have received it however they then closed the bond and sent me a snotty e-mail stating that the funds had to be deposited by 18th January, a mere 14 days after being accepted which was 2 days b4 I was to receive my lump sum. I telephoned them to explain and reminded them of the t & C stating 30 days but to no avail. I send them a suitably worded e-mail telling them where to stick their customer service and that now the A & L will now get my 86k, never again will I use the B & B

pem2

I also have been emailed by B&B that if a cheque did not reach my opened 6.80 bond by the 18th they were closing it, and I only opened it on the 9th. I could have got a cheque to them in time but out of principle I decided not to. In any case I wanted to deposit via my nominated account or preferably push the funds to them via BACS but unlike Icesave, Nationwide, NR, Coventry or Birmingham Midshires they will not supply their sort code/account no.