Kaupthing Edge Fixed Rate Bond Query

[Deleted User]

Hi all,
Given the recent good news that the interest rates of our Kaupthing edge bonds will be honoured by ING, I was wondering if anyone knew whether I could add to my 3 year bond to make the most of this rate? I opened the bond a few weeks ago and am hoping to transfer more money in rather than open an account elsewhere, but am aware that some fixed rate bonds are unable to be added to once they've been opened. Can anyone shed some light?
Thank you!
Goldilockz

ice_tee

You can only pay in an initial payment into a bond, once it's open you cannot add to it. In normal circumstances you could open another bond and add the funds with the same rate, as long as the accumulative total is not greater than the maximum the bank specify, but since you can't open a new Kaupthing bond, you can't do anything.

[Deleted User]

Oh dear, not good news! Thanks so much for your help though!

carpy

anyone else unhappy they are no longer honouring the fixed bonds like they said they would!!!:mad: :mad:

cos69

carpy wrote: »

anyone else unhappy they are no longer honouring the fixed bonds like they said they would!!!:mad: :mad:

What do you mean - have they cut the rates or done something else?

Farway

cos69 wrote: »

What do you mean - have they cut the rates or done something else?

I think the post may refer to those opened after ING took over, they have been rejected, there is a thread running on it

cos69

OK thanks, was worried I had missed something, like they had reduced the interest rate on my fixed bond.