Birmingham Midshires 5.40% soon to be 5.10%

Tomorrow (Thursday) Birmingham Midshires are closing their Internet Easy Access a/c to new applicants.
To attain the 5.40% gross rate, apply quickly! (includes 1st year bonus).

This Friday, they launch Issue 2 of the a/c, @ just 5.10% (including 1st year bonus of 0.20%).

The a/c seems attractive for lump sum savings. It's probably less suitable for frequent withdrawals or deposits.

Terms + Conditions don't mention it but the following uncompetitive money-movement facts were revealed by Birmingham Midshires text presented during test transfers to & from the linked bank a/c :

"when you send money [pre-3pm] to your linked account, it will take up to 4 bank working days to arrive."

"when you request money from your linked account, we will send the request on the day you ask for it. The money will then take up to 4 bank working days to reach your Internet Easy Access account from your bank."

Anyone here able to confirm their experience concurs?