Birmingham Midshire?

wmonkey

There doesn't seem to be a mention of the 6.5% e-saving account on here just wondered if I'm missing something before I open one?

I've got ~£30k, about 50% in ISA's and the other 50% currently in an Ice Save account.

I've decided to transfer all my ISA's into Ice save as the other's are about to drop to lower rates. I don't fancy leaving it all with one bank so I'm looking for somewhere to put the other £15k.

Any reason I should avoid this?

Cheers

Speculator

see this thread...

http://forums.moneysavingexpert.com/showthread.html?t=865685&highlight=bm+esaver

Mikeyorks

wmonkey wrote: »

Any reason I should avoid this?

Don't know of any. I've had fixed rate products with them before (and currently) .... and they've been excellent.

Just opened the e-saver on Thu ... but still awaiting the promised Email !! So trusting my experience won't be tainted with their easy access products.

sloughflint

Mikeyorks wrote: »

Just opened the e-saver on Thu ... but still awaiting the promised Email !!

The message I got was along the lines of next stage in post rather than an email.

YorkshireBoy

sloughflint wrote: »

The message I got was along the lines of next stage in post rather than an email.

Mikeyorks is an existing BM customer.

wmonkey

Thanks all, sorry I missed the other thread too.

Mikeyorks

YorkshireBoy wrote: »

Mikeyorks is an existing BM customer.

Thank you for pointing out that makes a difference ... I hadn't realised!

sloughflint wrote:

The message I got was along the lines of next stage in post rather than an email.

They did say there would be a confirmatory Email + the letter requesting a cheque. Bit optimistic to expect the letter until early this next week, but I did expect the Email to be a bit swift! Read on a different thread they're in arrears with ISAs and some people are getting handwritten envelopes etc ... perhaps they're laboriously creating my Email that way!

YorkshireBoy

Mike,

Applied Sun 20th April
Sent cheque Tuesday 29th April
Last of log in details received Sat 3rd May
First DD pull (£1) actioned for Tuesday 6th May
Should arrive Thursday 8th May (nearly 3 working weeks from application!)

Will wait until this is showing as available (could be 5 more working days?) before sending life savings!

Speculator

They sent me an the following email...

Dear Mr Peter Parker,

Thank you for opening a Birmingham Midshires Internet Savings Account. To help you access your account for the first time, just follow these quick and easy steps to hassle-free and secure savings.

ACCESSING YOUR ACCOUNT

1. When you log in for the first time you'll need your Access Token which is 98789327.
2. You'll also need your username. For security reasons we'll send this to you in your welcome letter. Please keep this Access Token safe until you receive your username. Please note as this is sent by Royal Mail 1st Class post it may take 5 working days for you to receive this.
3. When you've got your Access Token and username handy go to https://www.askbm.co.uk.
4. Choose the 'ACTIVATE' link from the homepage.
5. Enter your username and Access Token and select 'Next'.
6. Choose your password and security details.
7. Now you're ready to start saving and earning interest!

oshoshitzu

I recently open an account with BM, but I received a letter requesting further ID; unlike Kaupthing Edge which verified me electronically

Mikeyorks

YorkshireBoy wrote: »

Sent cheque Tuesday 29th April

YorkshireBoy .... depressing, but useful, thanks.

Got a sizeable sum to extract from Halifax .... so when was your cheque credited, please (if it has / is viewable?). Need to work out whether to send it all via cheque .. or await the DD being set up. One problem is we're heading across to Norway in just over a week ... and I was optimistically hoping to have it sorted by then!

Normally resort to Debit Card under these circumstances .... but unfortunately they're going to insist on the personalised cheque!