Kaupthing Edge-fixed term deposit, ne1 had theirs broken?

stevetodd

sloughflint wrote: »

And in your easy access account, did the outward and inward movements show? Same question to Lavendyr.

Yes I have just checked, in order to answer your question and ALL transactions are shown

sloughflint

Thanks. Good job I printed a statement then. No evidence of ever having been a FTD transaction at all.:mad: All erased.

noh

stevetodd wrote: »

I requested on the 7th too and the money has today been transferred into my instant access KP account, there has been some interest of £124.54 which is less than I expected as the money was paid into the bond on 24th Sept so there should have almost been one months interest on £33,000.

Looks spot on to me.
Remember the break rate is 1% less ie 7.15-1=6.15%
£33000 x 0.0615 = £2029.50 gross p.a
£2029.50/365 = £5.56 gross per day
24 Sept to 22 Oct = 28 days
28 x £5.56 = £155.68 gross
£155.68 x 0.8 = £124.54 net.


Nigel

Happychappy

sloughflint wrote: »

Have you not considered the possibility that some people no longer have access to their 'easy access' Icesave savings?

What's that got to do with the thread which is the Kaupthing Edge Fixed Term Bond ?

j-man_5

Happychappy wrote: »

What's that got to do with the thread which is the Kaupthing Edge Fixed Term Bond ?

Sloughflint was asked why people feel the need to break there fixed bonds. For ppl with money tied up in icesave they have no choice but to break the fixed bond if they need access to some money now.

sloughflint

Happychappy wrote: »

What's that got to do with the thread which is the Kaupthing Edge Fixed Term Bond ?

You posed a question re moving to a lesser rate.

stevetodd

noh wrote: »

Looks spot on to me.
Remember the break rate is 1% less ie 7.15-1=6.15%
£33000 x 0.0615 = £2029.50 gross p.a
£2029.50/365 = £5.56 gross per day
24 Sept to 22 Oct = 28 days
28 x £5.56 = £155.68 gross
£155.68 x 0.8 = £124.54 net.


Nigel

Looks spot on to me too, that's why I said "just realized that with the 20% tax deduction (which slipped my mind) it is about right" Doh!

bjorn_again

Morven wrote: »

I have a fixed term bond with KE not maturing until July next year. I'd been thinking of leaving it if the interest rate was going to be OK but ING have been very cagey with me about that.

Does anyone know any more than I do or would you all advise me to have the money transferred to my ordinary savings account with them?

Do I just phone up up to request this or can it be done over the internet?

ING told me over the phone that FT rates operating under KE will be honoured for existing bonds. I'm sticking with mine.

gimp101

Well, mine has just broken, no interest added, but I couldn't give a monkeys about that, just glad I have access to funds again (Icesave has/had my other moneys).

Looks like I won't be financially boned at the end of the month now hopefully.

nmsan5

My FTD accounts were were finally broken today - no interest added so I called them and they have no record of me ever having put the money into fixed term deposit accounts. The deposits are now just shown as savings account credits as at the dates they were transferred from my linked account - the transactions that transferred them into FTD accounts have simply been wiped clean. They've got a real problem here - I've written to them asking that this be corrected as a matter of urgency.