Close Treasury 12mth 7% ftd

ATF101

I have printed the application from the net and spoken to them, the rate (7%) holds for applications received by Monday. The only concern I have is how safe are they.

TERMIN8TOR

ATF101 wrote: »

I have printed the application from the net and spoken to them, the rate (7%) holds for applications received by Monday. The only concern I have is how safe are they.

Are you sending them a cheque or bank tfr? Obiously if cheque will not clear by Monday - will that matter? Concern I have is BAC tfrs limited to £10k each time & potentially time consuming too. TIA.

blackswan2

Says will honour 7% for applications received by Monday, no mention of cheque clearing in this time, so hopefully okay???

blackswan2

I work not far from so plan to take my wife's application form along tomorrow with a cheque, but if cheque clearing not clearing by Monday is a problem then how do you do a CHAPS or BACS payment??

Do you fax your bank (Nationwide BS for me) and call them up, do you have to send a letter .....

Dagobert

blackswan2 wrote: »

Says will honour 7% for applications received by Monday, no mention of cheque clearing in this time, so hopefully okay???

I spoke to them: cheques and electronic payments need to be received by Monday 10th.

Obviously, it is too late for BACS now.

blackswan2

quote "cheques need to be received by Monday 10th"

Is that "received" as opposed to "cleared" ?

Thanks!

Dagobert

blackswan2 wrote: »

quote "cheques need to be received by Monday 10th"

Is that "received" as opposed to "cleared" ?

Received in the post.

ISA_Aspirant

Since it's going to take a week to get my money out of premium bonds, do you anticipate that there will still be some 7% fixed interest accounts floating about?

blackswan2

From a private msg, sounds like received in the post rather than cleared which is what we want of course.

soulsaver

ISA_Aspirant wrote: »

Since it's going to take a week to get my money out of premium bonds, do you anticipate that there will still be some 7% fixed interest accounts floating about?

Slim in MHO - maybe Icici.
Ever the optimist I'm of the opinion this bank isn't as risky as rumours abounding, for several reasons:
I believe they don't have the exposure to the subprime toxics; The Indian govt. would bail it as its too important to the nation; And the (uk, so excluding crown dependancies) risky savers' pal, Alastair, has shown willingness to ensure feet aren't dragged on compensation. I'd stay under the FSCS limits though.... with a bit of headroom for interest.