ybs fixed (15months)6.5% gross

jcl_2

hi anyone have any opinions on this one?

http://ybs.co.uk/savings/online/ebond/index.jsp

good rate for a reasonable period, (monthly income) interest rates are obviously going to reduce maybe by the time this ebond matures rates might just be back on the increase.

what do you think?

regards
jcl

Apreciar

Signed up today. The problem is that the interest on the monthly option is not paid back into the account so the aer will not be 6.5% on that option.
However , with rates expected to fall not a bad call.

ManAtHome

One of the easiest to open and fund - not sure it'll escape "The Panic of Troosers" though as it matures a few months before the election. However, I don't think the rest of the world will fall for "Bank of Engerland" rates so you may be able to get a decent 6 month rate Feb 2010 to carry you through to the debt-hits-the-fan rate hikes late 2010.

isofa

I personally think it's a good deal, with a good company, so I've opened one recently. Rates can only go down at the moment.

~Chameleon~

This will do nicely for my Ice money

~Chameleon~

Did you complete form R85 and send it back to them?

Speculator

When do they start paying interest with DD payments?

Baldur

DimSum wrote: »

Same day I thought. If treated like cash as opposed to cheque.

The Ts & Cs only say that "deposits by account transfer will start to earn interest on the day they are credited to your account", with no mention of how Debit Card payments are treated.

Baldur

DimSum wrote: »

"Deposits by account transfer will start to earn interest on the day they are credited to your account.". Can a Debit card transaction be classed as this?

Suggest that you ask YBS.

Apreciar

I tend to recall that credits made with a card do not earn interest till the second day.

Speculator

I have an account with monmouthshire BS where I pay in by DD monthly. Below is an extract from their T&Cs. However, despite taking 4 days to clear, Monmouthshire pays interest from date the money is credited to the account..

Paying in by Direct Debit
3.6 Direct Debits are treated in a similar way to cheques.
On the credit date or shortly thereafter we credit the
payment to your account and request the payment
from the paying bank. However the paying bank can
'refuse' to make the payment and we debit your
account for the appropriate amount. If this happens the
Direct Debit will appear as a payment into and a
withdrawal from your account. For this reason, Direct
Debits take four banking days to 'clear'. You will be
able to withdraw the amount of the Direct Debit on the
sixth banking day (including the day you pay in and
the day you withdraw) following credit subject to the

withdrawal terms of your account