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julian hodge capital millennium bond
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graham_gaskell
Posts: 2 Newbie
anyone got one of these, seems a pretty decent monthly return at the moment 3.7% fixed one year, but am a bit wary of the bank as I have never heard of them before. Any help appreciated.
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I've got several cash Isa's with them as well as other fixed rate bonds.
Why are you wary of them given the safety measures in place for the first £50K0 -
Julian Hodge is an established smaller bank that is covered by the FSA Guarantee.
But in any case you can get 3.95% from NS&I and that's rock solid!I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0 -
Not any more you can't.zzzLazyDaisy wrote: »But in any case you can get 3.95% from NS&I and that's rock solid!Stompa0 -
The NS&I 3.95% bond was pulled last night only 3 and 4yr bonds available now,0
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oops! thanks!
You can also get a Lloyds Tsb Vantage account paying 4% monthy interest, with instant access but you need to have between £5k and £7k to get that rate, and you have to cycle £1000 through it each month (but that can be a SO in and straight out).
You can have up to three of these accounts and just cycle the £1000 between the three accounts each month (it doesn't have to be new money)I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0 -
graham_gaskell wrote: »anyone got one of these, seems a pretty decent monthly return at the moment 3.7% fixed one year, but am a bit wary of the bank as I have never heard of them before. Any help appreciated.
I was in the post-office this afternoon and noticed that they also have a one year bond paying 3.7%I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.0 -
zzzLazyDaisy wrote: »I was in the post-office this afternoon and noticed that they also have a one year bond paying 3.7%
Through Bank of Ireland though so comes under the Irish compensation scheme.0 -
My wife has a one year Capital Millennium Bond taken out early this year when it was 4.50%. She has monthly interest for income. That will be yet another of our bonds up for reinvestment somewhere at maturity in January 2010. But they do seem OK.graham_gaskell wrote: »anyone got one of these, seems a pretty decent monthly return at the moment 3.7% fixed one year, but am a bit wary of the bank as I have never heard of them before. Any help appreciated.0
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