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Close Brothers Premium Gold Offer - 3.75%
skitskut
Posts: 243 Forumite
Close Brothers Treasury are launching a new Premium Gold Offer. Details to be announced on their website 21st March 2009...
http://www.closetreasury.co.uk/
http://www.closetreasury.co.uk/
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Comments
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These have been pretty good but I would be surprised if they gave a rate that would be worth the risk of tying up money for 2 years. I would expect about 2.5%?
Not much profit and big downside if interest rates pick up.
Would have thought NS&I index linked certs would be a better investment for that sort of timescale.0 -
They're offering 3.75% which is pretty good but you have to tie it up for a 3 or 4 year term - maybe not so good(?) Min deposit £10K as before and the offer's only open until 31st March 2009 so you'll need to get your skates on!0
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Don't think people will be keen to tie money up for that long. I did a fixed interest bond with Cheshire BS around Christmas but that was 4.75% then. That said all my other fixed rate accounts were only for a year. Saga have one now for 18 months, at 3.45%. Wonder what'll be available in June and July when my 6 month and 1 year respectively, YBS bonds mature. Hmm.0
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I agree that 3 years is too long. I expect interest rates will be much higher by then.
Also I don't like the Close Brothers Ts&Cs for what happens on maturity. In the absence of instructions acceptable to them you could end up in another fixed term bond of their choosing. Much better to have the funds moved to an instant access account by default and then to decide what to do with them - or at least allow say a month before reinvestment takes place.
http://www.closetreasury.co.uk/tc-25.htm
Close Brothers is FSA regulated and a member of the FSCS but it is not signed up to the Banking Code. This may not matter too much as the Code may replaced by law in the near future.
http://www.bankingcode.org.uk/subscriberlist.php0 -
If your over 50 I saw one for more then 4% but I forget who it was with sorry, check one of those summary table things in a newspaper today0
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I haven't found anything like you describe for OVER 4% but...If your over 50 I saw one for more then 4% but I forget who it was
Principality Building Society Over-50's Bonds 4% for 2 or 3 years. Min £5000.
Early closure possible with 180 days loss of interest.
http://www.principality.co.uk/default.aspx?page=285
For everyone West Bromwich Building Society Guaranteed Fixed Rate Bond 3.91% for 3 years. Min £1000. No access before maturity.
http://www.westbrom.co.uk/0
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