eSavings Account (Issue 6)
The eSavings Account from Bradford & Bingley is an online Savings Account with a bonus that will help you grow your savings, giving you a great variable interest rate and easy online access to your savings.
Summary Box - Key Product Information for our Savings Account.
Account Name:
eSavings (Issue 6)
Interest Rates: (AERs)
£1,000+ 3.60% gross p.a./AER (variable) including 1% bonus (gross) for 12 months.
(interest guaranteed to at least match the Bank of England Base Rate until July 2009)
Tax Status:
Interest will be paid after tax at the basic rate is deducted. Subject to eligibility you may ask to have the interest paid gross.
Conditions For Bonus Payment:
Bonus of 1% (gross) paid for first 12 months providing you maintain a balance of at least £1,000
Withdrawal Arrangements:
Easy Access
Access:
Online
Our account opening process is very simple and quick. Simply follow the apply link and complete the online application form. Below is a summary of the key requirements to open an account and also the account opening process. We recommend that you have a good look at the terms and conditions before applying.
5 Key Requirements to Open an eSavings Account
- You must be a UK resident (please note: this excludes the Channel Islands and Isle of Man).
- Applicants must be aged 18 or over.
- You need to be able to open your account with a minimum £1,000 balance and maintain this balance.
- You must hold a personal bank or building society current account that offers Direct Debit payment facilities.
- To be able to access and transact on your account, you need access to a PC with Internet capability and have a valid e-mail address.
5 Step Application Process
- Apply Online with our simple application form.
- Set your own password during the application process. Make sure your password is memorable and that you keep it secure.
- We will then post you your account ID. As your password is set by you we will not include this with the ID.
- In order to fund your eSavings account, you must send a cheque (Payable to yourself) to the address provided on the confirmation screen - so not to miss out on the fantastic offer please ensure your cheque arrives with us within 14 days of applying.
- Sit back and watch your money grow.
What does AER mean?
Every savings product that shows an interest rate must show the AER. It stands for Annual Equivalent Rate and shows what the interest would be if it were paid and added each year. We do this so you can compare our accounts more easily.
Bradford & Bingley subscribe to the Banking Code, copies of which are available on our website, in our branches or can be requested by phoning our helpline.
Important Information:
- You can open your eSavings account with £1,000 up to a maximum of £2 million.
- You get a great variable rate of interest.
- A choice of monthly or annual interest.
- You can make withdrawals at any time, via BACS, to a nominated account - and you won't be penalised.
- You must maintain a balance of £1,000 otherwise 0.10% gross p.a./AER applies to balances under £1,000.
- We give you the convenience of online access, 24 hours a day.
- The interest rate is guaranteed to at least match the Bank of England Base Rate until 1st July 2009.
- The rate includes a 1% (gross) introductory bonus payable for the first 12 months.
With a minimum opening deposit of just £1,000 its easy to start saving.
How to Apply
Product's Rate Detail
eSavings (Issue 6)
| Balance | AER | AER† inc. bonus |
Gross p.a.% | Net p.a.% | Monthly Gross p.a.% |
Monthly Net p.a.% |
|---|---|---|---|---|---|---|
| £1,000+ | 3.60 | 3.60 | 3.60 | 2.88 | 3.54 | 2.83 |
Log in to your Online Savings Account Log in
Tools & Information
Bradford & Bingley's retail deposit business transferred to Abbey National plc on 29 September 2008.
Abbey National plc. Registered Office: Abbey National House, 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000. Calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority. FSA registration number 106054. Abbey and the flame logo are registered trademarks.
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