Are savers frantically opening up fixed accounts?

prixon

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/

and now it has gone!

But Barclays are still advertising their 7.75% fixed regular saver, £250/month

Presumably you could walk into branch tomorrow and still get one of those

elektra

Trollfever wrote: »

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.

I couldn't find anything on my account to open one of these.
Has it been pulled in last few hours or only open to select customers ?

smc103

called BM as id applied for a registration form online and they said as long as i return it 'in good time' i will still get the rate.

Swipe

That's the problem with these fixed rate accounts. Unless you have the money in a linked account ready you are shafted as they'll no longer be around by the time your money arrives from elsewhere.

Swipe

smc103 wrote: »

called BM as id applied for a registration form online and they said as long as i return it 'in good time' i will still get the rate.

Thanks for that. I've just filled in a form for a 6 month fixed bond with BM for the amount I currently have in their online saver. I'll transfer my money back to my current account and post the cheque off when the application form arrives.

Trollfever

elektra wrote: »

I couldn't find anything on my account to open one of these.
Has it been pulled in last few hours or only open to select customers ?

I can't find them now!
Must have been pulled after I posted.
Sorry.

Dan29

AdamC wrote: »

Is the last minute dash for fixing rates really only beneficial to those with money already in other accounts at their chosen fixed rate offerer?

Don't forget Faster Payments. I moved money from First Direct to Coventry this afternoon to take advantage of the Poppy account; it took about two hours.

savetilibleed

ericpode wrote: »

Just opened Halifax 7% AER for 3 months. Opened online.

But the new account is showing as 6.82% Gross p.a. Is this correct?

I just checked Halifax's rates page again and it still says 7%.

7% AER and 6.82% Gross http://www.halifax.co.uk/savings/personalrates.asp#Personal_Monthly_Rates and scroll down until you find the table showing this.

blackswan2

Dan29 wrote: »

Don't forget Faster Payments. I moved money from First Direct to Coventry this afternoon to take advantage of the Poppy account; it took about two hours.

Can you explain briefly how you go about that?
Want to open a Close Brothers account and applications have to be in by Monday and not sure if funds have to be there by then too.

maypole

mike-w wrote: »

I tried 'phoning BHM earlier today and after queuing for a while (listening messages to say they were very busy), I got 'cut-off'. I was more successful a short while ago (queued for about 10 mins) as I managed to speak to an agent.

It was told that they could only send me an application form and I would need to sign this and return with a cheque. When I asked what would happen if the interest rates changed (apparently they don't open the account until they receive the form / cheque back), I was told that they hadn't been told anything about a rate change. The lady also said that they often allow about 5 days for people to return their forms. Hope I haven't 'missed the boat'! Does any one know if this is correct please?

Thanks

Mike

I did this on line and would like to know the same as you. I am just hoping that if we applied at the advertised rate, then that is what we'll get. I need to know exactly the rate though before I commit, I don't want to put a large amount in a fixed rate for a pittance.