Internet Saver 6.4% AER @ Bradford @ Bingley - HotUKDeals
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Internet Saver 6.4% AER @ Bradford @ Bingley

£0.00 @ Santander
Best rate online saver available, no catch! Key Features: * You can open your account with as little as £1. * We give you the convenience of online access, 24 hours a day. * You ge… Read More
Freeman Avatar
9y, 8m agoFound 9 years, 8 months ago
Best rate online saver available, no catch!

Key Features:

* You can open your account with as little as £1.
* We give you the convenience of online access, 24 hours a day.
* You get a great variable rate of interest.
* Interest guaranteed to at least match the Bank of England Base Rate until 1st January 2009.
* A choice of monthly or annual interest.
* You can make withdrawals any time, via BACS, to a nominated account without penalty.

With a minimum opening deposit of just £1 its easy to start saving.
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Freeman Avatar
9y, 8m agoFound 9 years, 8 months ago
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#1
I'd rather have my knee caps drilled then give the likes of B&B a penny of my dosh.

For starters, they're one of the biggest Buy-to-Let lenders (& look what they've done to our country, ie pawn the youth's wealth of the immediate future to reward those at the top end of the housing ladder), but perhaps more importantly...they're on the 'wounded' list for shorters to have a pop at (ie first Northern Rock, next Alliance & Leicester or Bradford & Bingley)

When I see them clambering their way to the top of the best saver rates league, the cynic in me says they need urgently more dosh ....why else offer one of the best rates? That ought to tell you something's up!

Save with them at your peril.
#2
Good deal - voted hot. I've currently got an e-savings (3) account. Looks like I need to transfer to the internet saving account.

It's amazing the hype BBC caused reporting on Northern Rock. Barclays had a similar problem in August, but it was kept reasonably low profile. (http://news.bbc.co.uk/1/hi/business/6971731.stm).
#3
6.75 % well gotta say its alot higher than HSBC are giving me .. shame i am in my overdraft with them, dont suppose you can transfer an overdraft can you?
#4
[SIZE=2]Lol... so the BBC caused Northern Rock's share price to fall as it did?? [/SIZE]
[SIZE=2]and there is a fundamental difference in the way that Barclays and Northern Rock operate...[/SIZE]
#5
Lol... so the BBC caused Northern Rock's share price to fall as it did??


Not directly, although I imagine all those grannies saw the 10 o'clock news and promptly emptied their savings accounts the following day.
#6
All points are valid here.

True, B&B wouldn't be giving such high interest rates if they could find sources of funding elsewhere. But that doesn't mean that the money is not secure.

Doesn't the government promise something like the first £3,000 is guaranteed by them, and that the next £50,000 is guaranteed at 90% or something like that?
1 Like #7
boonkoh
All points are valid here.

True, B&B wouldn't be giving such high interest rates if they could find sources of funding elsewhere. But that doesn't mean that the money is not secure.

Doesn't the government promise something like the first £3,000 is guaranteed by them, and that the next £50,000 is guaranteed at 90% or something like that?


It's 100% of the first £2,000 & 90% of the next £33,000 ...., which frankly is a bit pitiful you've got an unfeasibly huge wad. :-)
#8
Oh - didn't know that. After a spot of research (http://news.bbc.co.uk/1/hi/business/7007835.stm)... says...


The current system, guaranteeing 100% of the first £2,000 and 90% of the next £33,000, contributed to this month's run on Northern Rock, says the Bank.


It might be wiser to spread the money around.
#9
Sainsbury's internet saver account is a good alternative to this if your not fussed on B&B:

http://www.sainsburysbank.co.uk/savings/sav_internetsaver_is_skip.shtml

6.25% :)
#10
Sandman`
Sainsbury's internet saver account is a good alternative to this if your not fussed on B&B:

http://www.sainsburysbank.co.uk/savings/sav_internetsaver_is_skip.shtml

6.25% :)


Agreed & that's where my dosh is heading...far safer than the likes of 'Slim Shadey & Bingley'.
#11
I use these:-

http://www.icicibank.co.uk/hisave.html

They also have a one year term deposit account with 6.75% interest:thumbsup:

http://www.icicibank.co.uk/hisave_termdeposit.html
#12
Gazzie
Good deal - voted hot. I've currently got an e-savings (3) account. Looks like I need to transfer to the internet saving account.

It's amazing the hype BBC caused reporting on Northern Rock. Barclays had a similar problem in August, but it was kept reasonably low profile. (http://news.bbc.co.uk/1/hi/business/6971731.stm).


No Barclays didn't have a similar problem - they asked for some overnight cash that was paid back the next day.

What Numpty Rock asked for was full facility to assist it in trading out of difficulties - a bit like the Bank of England giving them a blank cheque book to use what they like and when. Numpty Rock will go pop, it's just a matter of time and it's their lending policies that got them there. Te he he
#13
Oh, as for this deal. You can throw a stick down the high street and find as equally a good deal today e.g. Abbey National.
#14
Sandman`
Sainsbury's internet saver account is a good alternative to this if your not fussed on B&B:

http://www.sainsburysbank.co.uk/savings/sav_internetsaver_is_skip.shtml

6.25% :)


As is HSBC's 6.25% internet saver. Theres a few out there.
1 Like #15
Gazzie
Not directly, although I imagine all those grannies saw the 10 o'clock news and promptly emptied their savings accounts the following day.


Don't be so insulting to grannies.
If you looked hard at the queues forming early morning outside Northern Rock branches they were not all grannies (or grandads).
I'm 72 and never for one moment considered joining the lemmings and withdrawing my money.

Gillian
#16
This is a poor rate guarantee i.e compare to icesave guaranteed to exceed the Bank of England Base Rate* by at least 0.25% until 1 October 2009 and thereafter not to be lower than the Bank of England Base Rate until 1 October 2011.

I am fed up with opening accounts with whoever offered best rate at the time only to watch them quickly fall back down the tables once they have my money.
#17
Hi, quite a newbee at posting on here. I have received a letter from First Direct today offering from the 1st November 8% fixed AER if you save a regular amount of between £25 to £300 each month. You have to save every month for a year and cant make withdrawals. Hope that helps.
banned#18
8% monthly saver with Lloydstsb, I know it's only a monthly but it's a start.

edit: I see you posted before me Joanne, Lloyds allow withdrawls and is min £50 to £250 max a month. I managed to get a two year deal they were doing, currently they only offer one year now.
#19
The regular savers tend to have a max limit of £3000 or so, on which the rate applies anyways i think.

So 6% on many thousands or 8%/10%/12% on £3000, anything you regulary add after that will not get the better rate, aiui.
banned#20
gillian107

If you looked hard at the queues forming early morning outside Northern Rock branches they were not all grannies (or grandads).


No disrespect to you, but you had to look hard to find people other than pac-a-mac wearing people of a certain age.
banned#21
merlinthehappypig


Take Halifax Bank of Scotland (HBOS) as an example. They own many other 'banks' such as Sainsburys, First Direct, Halifax, Birmingam Midshires, Intelligent Finance and so on.


First Direct = The Hongkong and Shanghai Banking Corporation (HSBC)
Sainsburys = 50/50 venture with HBOS
#22
I am with ICICI Hi Save account for the last 18 months and it is one of the best savings account I ever had. Though it takes few days to open an account but once it is in place you can just put monay and check it online.
With HSBC Online saver, if you withdraw money in any month, then the interest is not paid for that month:thinking:. This is not the case with ICICI.

And there is no limit to the amount of money you can put in ICICI.:whistling:
#23
scorcher
I am fed up with opening accounts with whoever offered best rate at the time only to watch them quickly fall back down the tables once they have my money.

The secret is to open an account with every one of them who offers highest rate. Shift your money immediately as soon as their rate drops. Ensure your money always stay with the highest rate on offer! :whistling:

raja420
I am with ICICI Hi Save account for the last 18 months and it is one of the best savings account I ever had.

B&B=6.4%AER
ICICI=6.3%AER

Clearly you could be sure which one to go for. I have banked with ICICI as well, always poor customer services.
raja420
With HSBC Online saver, if you withdraw money in any month, then the interest is not paid for that month:

True, HSBC is NOT no-catch at all, same as the A&L Direct saver. :x
banned#24
LongDongDave
No disrespect to you, but you had to look hard to find people other than pac-a-mac wearing people of a certain age.


Maybe because they were the only NR customers that had large amounts of savings (ie. > £35K)!
banned#25
Halifax also have some relatively decent fixed rate websavers at the moment - eg 6.75% for a six months bond-type investment. Great if you want to dump some saving there and not need them for six months.
#26
bradford & bingley and alliance and leicester are the weakest bank after northern rock.. if northern rock hadn't been bailed out by the bank of england/uk gov then it would have gone under.. i wouldn't put my money with bradford and binglley in this environment ofr a little bit extra interest.. the sterling cash market is still very tight (liquidity is still poor - trust me i trade short sterling).. there is still a chance that northern might not find a buyer and will thus go down.. there is still a risk that another bank will come under pressure if the bank doesn't cut interest rates in the short/medium term.. hence be careful with bradford and bingley.
#27
NR are yet to actually dip into the safety net BoE provided.

Considering savings are guaranteed to £35,000 (£3k loss max, which would require the biggest economic crash since the 1930s to occur) savings are perfectly secure tbh.

Sure A&L/B&B are in similar markets to NR, but A&L shares are back up to £7 now, compared to NR's £1.60, but alot of markets have been short selling NR so that is unfair share value (Barclays, RAB and other companies have started buying a 5%+ stake in NR at this lovely low price...)
#28
mabccc
Halifax also have some relatively decent fixed rate websavers at the moment

If you bank with Halifax, open an account with Sainsbury's Internet Saver at 6.25% then link them together, this would give you a pleasant surprise. Instead of a normal 3 days BACs you get same day instant transfers, as Sainsbury's Internet Saver belongs to the BOS, considered same bank with Halifax.

Works great for me. :whistling:
#29
Considering savings are guaranteed to £35,000 (£3k loss max, which would require the biggest economic crash since the 1930s to occur) savings are perfectly secure tbh.


Maybe old news now, but this recently changed to pay out 100% of the first £35,000...

http://news.bbc.co.uk/1/hi/business/7021414.stm
#30
ING has just honoured their £75 bonus today, not bad for 10 days of saving. Very happy !:-D

Sorry a bit out of topic here, as that thread seems to be no longer available.
#31
Freeman
ING has just honoured their £75 bonus today, not bad for 10 days of saving. Very happy !:-D

Sorry a bit out of topic here, as that thread seems to be no longer available.

Can you provide any more details on that?

Edit: Found this on MSE : http://forums.moneysavingexpert.com/showthread.html?t=525289
#32
Used to have a fair amount with ING but their rate is poor now.
Transferred some to Sainsburys at 6.25% Instant and some to Chelsea B/S at 6.4% 30 days notice
#33
thepearce
Can you provide any more details on that?

Sorry these offers are now closed!
http://www.ingdirect.co.uk/offer75/

Basically ING Direct offered every new customer who opened an account with them and credit £2500 in it before 30th of Sep, then they will give you £75. So I put the funds in last week, now have the £75 and ready to run... :whistling:

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