Bradford and Bingley drop Internet saver rates

paulboy83

It's not yet showing on their main website, but if you click interest rates under internet banking it shows B&Bs reduced rates as from March2nd.

Internet saver issue 2 is going down to 6.15%
Issue 1 is going down to 5.90%

I've got my fingers crossed for an issue 3 in the pipeline...

Stavros_3

Where is the link please

10_66

https://savings.bradford-bingley.co.uk/bradfordbingleynet/related/rates.asp

tawse57

Savers being shafted for everyone's elses folly. Banks are raising IRs for those they loan to and lowering them for savers. I read that B&B are paying way over the odds for inter-bank lending rates as they are considered high risk so if the banks think B&b is risky and charging them high rates then don't you think you deserve higher rates from B&B also - after all, you are taking a risk if B&B are considered so risky having your savings with them.

Stavros_3

Agghrrrrrrrrrrrrr,, I am totally ****ed off, everytime a building society launches a decent rate they drop it quicker than moll flanders drawers. It took me best part of a week to open and transfer funds into the B & B

ManAtHome

Come on guys, still over 6% - pretty sure that's a better rate than last time BoE rates were at 5.25% (1 year rates were only a smidge above 6% this time last year).

wannasave_2

hope there's no more changes in the offing from the BoE this week!

Beate

I just called B&B and there are no current plans to launch Internet Saver 3 with a better rate, which is what they did last time.