Nottingham Building Society?

rathernot

Not that everyone seems to have dropped their rates it's sods law that I've just received my Icesave dosh and need somewhere to put it.

£38k all in all, I don't envisage needing to access it but in an ideal world I'd like the lot instantly (i.e. a transfer away) accessible so long as it doesn't mean forsaking a large amount of interest.

From what I can see the Nottingham BS are offering a good rate on their "Sleep Easy Saver" albeit with a 1% introductory bonus.

Anyone have any better suggestions?

Already got the full amount in an ISA etc.

opinions4u

Bank of Scotland IASA Reward.

5.8% fixed for a year (perfect in this environment).

Allows additional deposits and 4 withdrawals.

www.bankofscotland.co.uk/savings - I'd ring up to apply and fund fast - I don't think the rate will be available much longer.

The Nottingham option guarantees to pay BofE + 0.5%. That gives them leeway to cut their rate to 3.5% immediately. You may prefer to stick £1,000 in to this, and the balance in to Bank of Scotland, and to review your position when the Bank of Scotland account matures in 12 months.

rathernot

Thanks, that looks pretty darned tempting as it seems to meet all the criteria.

However, my current account is with Lloyds and I have a fair chunk in their for "day to day" stuff - if the takeover goes through presumably the two accounts could/would be under a single license?

opinions4u

rathernot wrote: »

Thanks, that looks pretty darned tempting as it seems to meet all the criteria.

However, my current account is with Lloyds and I have a fair chunk in their for "day to day" stuff - if the takeover goes through presumably the two accounts could/would be under a single license?

At present there has been no announcement between Lloyds and HBOS on their intentions relating to banking licences.

In the current climate, I'd suggest they could have significant competitive advantage by retaining both. RBS and Nat West run separate banking licences but are the same company!

If they do change to one, they'd have to tell you in advance. This would give you the opportunity to reassess exactly where you want your money.

I've just spotted a 26th November funding deadline on this and added a general post for others.... http://forums.moneysavingexpert.com/showthread.html?t=1306081

rathernot

True and of course I could just close the account/open a second account as an "overflow".

Anyone know of any better deals on those sorts of access/interest terms?

rathernot

Oh and p.s. quickest way to get an account opened with an initial depost - phone or online?

bristolleedsfan

rathernot wrote: »

Not that everyone seems to have dropped their rates
From what I can see the Nottingham BS are offering a good rate on their "Sleep Easy Saver" albeit with a 1% introductory bonus.

.

Many Building Societies will reduce their variable rates around 1st December.