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Northern Rock FRISA 1-yr 3.50% - GONE

Just been on to Northern Rock to check a couple of questions on their transfer authority form -- I was intending to TF three in to Issue 127, the 1-yr fixed at 3.50%, and had the paperwork ready to go today.

I was told they'd just heard it had been withdrawn, as of 2 o'clock. Drat!
~cottager
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Comments

  • frankie
    frankie Posts: 848 Forumite
    Part of the Furniture 500 Posts
    OMG, posted application forms last Friday evening, hope it got opened at NR in time!
  • Saver-Rob
    Saver-Rob Posts: 570 Forumite
    Mortgage-free Glee!
    Yep - seems you're right!

    I missed out!
  • I opened mine in branch on Friday, I hope it's been processed
  • Fed
    Fed Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Take it they needed to have received the paperwork by the time they closed it? Had all my paperwork printed off ready to go over a week ago but stupid nationwide account numbers meant I delayed and went into a branch to check it over, now I see its withdrawn.
    My application print out is dated by them as the 30/11, dont suppose that makes any difference?
  • cottager
    cottager Posts: 934 Forumite
    edited 9 December 2009 at 8:25AM
    Shouldn't think so Fed, as we weren't making an electronic application, only printing off forms to post, so if you 'got in' would depend on whether NR received the application before the product was withdrawn: presumably Monday a.m. in this case. In fact I think I read as much in the T&Cs... something about if it was received after an issue had closed, it would be returned. The only quicker way would be if you had a branch within reach (I don't) and take it in as rorylando45 did, but it would still need to be before they withdrew it.

    For future reference, with Nationwide or other non-standard account details, you can just modify by hand if the form doesn't cover it, which NR's transfer form didn't. I was transferring a N'wide one as it happens, so it was sort code and the main NBS account number in the printed boxes, then my individual ISA account no./reference (or roll number as it's often called) added by hand to the side.
    ~cottager
  • Fed
    Fed Posts: 109 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Yeah, rather frustrating because I was just going to write the reference I had down and send it off but thought i'd see if N'wide could help me out. Lady in the branch was just as puzzled and told me to write the reference, but when I checked came back to check the website it was withdrawn
  • jennifernil
    jennifernil Posts: 5,749 Forumite
    Part of the Furniture 1,000 Posts
    Our applications were in before the closure, but we had requested transfers in after our FR Halifax ISAs mature on 15/12. I wonder if we will still get the 3.5% ?
  • Optimist
    Optimist Posts: 4,557 Forumite
    Part of the Furniture
    Our applications were in before the closure, but we had requested transfers in after our FR Halifax ISAs mature on 15/12. I wonder if we will still get the 3.5% ?


    Snap, although mine matures on the 18th with the Halifax. Have just phoned NR and was told if the application was in before it closed then it would go through, in fact he checked on the computer and said it was there.

    He did say, that I shouldnt have sent in the forms until the term on my Halifax had actually finished even though I made it plain on the form !

    They guarantee the rate from 30 days after receipt of the application so if Halifax get the money to them within that 30 days then you get the fixed rate. Unfortunately I didn't ask hat happens if they don't get the money in that time !
    "The whole problem with the world is that fools and fanatics are always so certain of themselves, but wiser people so full of doubts."

    Bertrand Russell. British author, mathematician, & philosopher (1872 - 1970)
  • jennifernil
    jennifernil Posts: 5,749 Forumite
    Part of the Furniture 1,000 Posts
    Thanks for that.

    What's the betting that Halifax will drag their feet on this! They must be losing loads of deposits right now with a lot of the fixed rates ending. We have moved almost all our savings out now. Even if they delay this transfer they will not get to keep our ISAs.
  • We have moved almost all our savings out now.

    Same here with Halifax fixes ending around the same time. Took me a week to move it out with a combination of BACS and the silly varying FP limits from day to day. All I'm leaving there for now is a new fixed Web Saver for 2 yrs, but I didn't want to tie up the rest for that long so have been splitting between other places, including 2 ISAs.
    ~cottager
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