They don’t want my money!
I recently tried opening another bank account: an internet deposit account offering a good rate of interest on cash. This was about a week before the 1.5% interest rate cut. The bank was Egg, who offered a competitive rate and what appeared to be a sane online banking system.
A few days later, I got a letter from them. They asked for proof of identity: 2 * household bill, bank statement, or similar. I hunted down a recent ‘phone bill and a recent electricity bill, and sent them off.
They rejected them! Not good enough! Well, bugrthat! I guess it’s back to the best-buy tables to find someone else who’ll take my money.
Last time I opened such an account was October 2006, and I had no such problems. That time it was with a small building society (Saffron Walden), who was offering a competitive interest rate. OK, it was well short of Icesave, but I wasn’t going to rely on a taxpayer-funded bailout for the greedy (more fool me). Trouble now is that account’s interest rate no longer looks so competitive for the greater part of my cash😦