Bradford a bingley internet saver 6.51%

DRS1

Thanks to all those who replied. I have applied for version 3 (though it has not appeared in my account list yet) and will see if I have the same joy as you did.
napoleon - if version 4 is easy access paying 7.5% then roll on next week!

Stavros_3

I have the fixed rate account 6.4% with them, am I able to close that account or am I knackered for a year or anniversary?

napoleon

There'd be a big interest rate penalty at the very least even if they let you close it..

That's the gamble you take when you open a fixed rate account. In effect, you were gambling that interest rates were going to fall, now it looks like they're going to rise.

Stavros_3

I got it wrong, its not fixed rate its the e saver issue 2 variable, now my question please. Its an annual interest account that I opened 6 months ago, I have opened a B & B issue 3 with monthly interest, how do I go about closing the issue 2 and switching the cash to the issue 3 AND get the interest owed from the issue 2 ta

ad44downey

Are you sure it isn't the e-savings issue 5 variable account. Or even their Internet notice instant access account issue 2 account? Or perhaps their very popular Fixed rate 7% 45 days notice variable account?

Only Bradford and Bingley could create a mess like this

Stavros_3

Bump, can anyone advise please

[Deleted User]

Hi,

Stavros wrote: »

I got it wrong, its not fixed rate its the e saver issue 2 variable, now my question please. Its an annual interest account that I opened 6 months ago, I have opened a B & B issue 3 with monthly interest, how do I go about closing the issue 2 and switching the cash to the issue 3 AND get the interest owed from the issue 2 ta

log on and go to your account, click on money out, and if your new account

is there you should get the option to transfer to it, you may first want to

have a look at the FAQ's regarding closing account and interest earned.


I just opened issue 3 this morning, and it is showing in my account already.

I still had a small balance in issue 1, so I transfered it all and closed that

account, I will check tomorrow that all is ok and then transfer from issue 2.

Froglet

Yes it is somewhat frustrating,the way they keep opening a new issue.But you cannot fault the speed at which0 you open a new account and hours later you can transfer money into it.How many institutions are as quick as that ,even when you already have another account with them? most take days if not longer.

Stavros_3

Thanks guys, but if I transfer all my funds from issue 2 (20k) into my new issue three, what happens about the interest I have accrued?, and how do I close the issue 2 account?

[Deleted User]

Hi,

did you do as I suggested in post 28, log on to see if your new account is

there first, then, go to issue 2, money out, and transfer to new account, if you

leave less than £1 in old account, you will be asked if you wish to close it, or,


How do I close my Bradford & Bingley online savings account?
It is possible to close your account online by following these steps:
• Navigate to the ‘Make a Transaction' page
• enter instructions to transfer the full balance of your account to one of your nominated accounts.
• At this point you will be presented with a screen prompt asking you whether you wish to close your account. Simply follow the on screen instructions to complete the closure of your account.
Your full balance, including any interest accrued but not yet applied to your account will be transferred by BACS to your selected account within 4 business days.
You must remember to print out your final statement at this stage.