Are savers frantically opening up fixed accounts?

Dan29

soolin wrote: »

I did apply for a Coventry Poppy Fund yesterday but I imagine by the time the paperwork gets out to me and back again that it will be closed.

Did you apply online or by phone?

elektra

soolin wrote: »

However Ing are still offering a 6 month or 3 month bond at 6% for existing savers so I have stuck with them

I received an email offering me 6% on my oldest ING account until 29th January.

Trollfever

Just done 6 months fixed with ING. It took 5 minutes!

Update.

Decided to hedge my bets and have also done a 3 months fix.

prixon

Sam37 wrote: »

seems to have vanished... would have been interesting ...

Still there although I incorrectly said 7.5% rather than 7% (getting confused with the Barclays one), you can click on the link on front page of their website at http://www.principality.co.uk/

Sam37

prixon wrote: »

Still there although I incorrectly said 7.5% rather than 7% (getting confused with the Barclays one), you can click on the link on front page of their website at http://www.principality.co.uk/

Thanks Prixon,

I'd not looked at the Bonds as I had associated that with a one off payment account, but you are right this actually is a regular saver.

Lynt_3

Just been speaking to Principality about their 9 month Bond Fixed rate bond 6.2%, but they said it is being closed today 5pm.
It was for my mum, who has a Monthly Income Account with them that pays a paltry 4.25%. She has to give 60 days notice to withdraw money, so it will be far too late to try any other fixed accounts. They will all have gone by then

I couldn't persuade her to join me in the Egg 6.3% for one year (now closed): she doesn't want internet account.

Not sure what to do for her now.

Geoffo_M

I too, have been trying to phone BM but their switchboard is jammed. I have an online account with them and it appears you can't open a fixed rate that way - you have to apply by phone. I was going to ask if you can open by telephone, by somehow initiating a transfer from my online account, but I doubt that was possible. Irrelevant now as I can't get through.

This is going to be a day for a record number of fixed-rate deals being pulled I reckon. 1.5% - what a shocker!

Agent_C

I've tried to open a Birmingham Midshires bond but even though I already have a saver account with them, it appears that you can't open one online, and have to pay in by cheque rather than transfer from another account. I've also applied for an Anglo Irish one but again, will have to wait for them to send me the form in the post, by which time rates will probably have plummeted.

Luckily Nationwide allowed me to transfer money from my e savings account into my Flex account immediately, so I've gone for 1 6 month bond and one 9 month bond. I'm now wondering whether to do the same with my Bradford and Bingley account or hope that one of the BM/Anglo Irish accounts manages to open...

Stompa

Dan29 wrote: »

Did you apply online or by phone?

Just opened a Poppy Bond online without any problems. It hasn't appeared online yet, but I'm told that once opened the rate is fixed so I should be able to make a deposit shortly.

Edit: On reflection, having just read that "Once your account is open you can make payments into it by cheque or internal transfer but only while the account is still open to new investors", I've made a transfer by phone - just in case it gets pulled very soon.

NozzaC

Oh dear. I'm royally screwed by the look of it.

i sold my house recently and the money was transferred to a Cahoot account. I'd tried to open a couple of high interest web fixed term accounts before the sale but they all required one to open a current account, which I did on 2 of them.

Since the move, a few days ago, I’ve had no phone or internet. Just got a call about this rate cut!

Cahoot cannot transfer instantly. The best they can do is CHAPS which won’t happen till 11am tomorrow. So I can still take the 2 banks up on their fixed term ones, but only after 11am tomorrow. I’ve no idea if those accounts or rates will even be open by then.

I need that interest to pay the rent L

I do have an Anglo Irish application form but that won’t get there until the day after tomorrow and requires a cheque – which means gambling effectively.


Not sure what to do now.