Yorkshire BS & Norwich Peterborough BS

loulou41

Anybody using these societies for e-banking? It's just with YBS, I am only allowed to transfer £5000 a day, I thought it was unlimited!! With Norwich & Peterborough, how do you withdraw, do you have to set new payment and input the details each time? With YBS, the payment details are saved which is good to avoid any typo mistakes. I thougoht YBS e-isa was a good rate but it has been reduced to 2.75%. It is provoing to be a headache trying to search for a better rate. Thanks

jack_spratt_2

Norwich+Peterborough e saver 2 now reduced to 2.75%

evenasus

loulou41 wrote: »

With Norwich & Peterborough, how do you withdraw, do you have to set new payment and input the details each time?

Withdraw to any other outside Bank/BS and yes, the payments details are saved. The limit is £10K per day.

The one good thing about Nationwide, is that you can withdraw multiples of £10K per day, not just one. Shame about their rates though.

loulou41

You cannot win, can you , just transfer from YBS as they have reduced their rate and now Norwich & Peterborough has just reduced their rate as well!! I should have left the money with NW but I did not want to keep more than 50k. Thanks

evenasus

loulou41 wrote: »

I should have left the money with NW but I did not want to keep more than 50k.

Me too, only can't be helped until a bond I have with them matures in May.
A Members Reward (Reward ? Ha) Bond paying a brilliant 1.8%:rolleyes: And this for tying up for 3 years. Never again, tying money up at a variable rate.

I'm really sick and tired of moving money around.

rb10

evenasus wrote: »

Me too, only can't be helped until a bond I have with them matures in May.
A Members Reward (Reward ? Ha) Bond paying a brilliant 1.8%:rolleyes: And this for tying up for 3 years. Never again, tying money up at a variable rate.

I'm really sick and tired of moving money around.

The Members Reward Bond is no longer available to new customers, so you should be able to close it without penalty. I had a letter telling me this for mine (this was probably a couple of years back), when they removed the penalty. I closed mine in branch in December '08, and had interest paid right up until that date.

evenasus

rb10 wrote: »

The Members Reward Bond is no longer available to new customers, so you should be able to close it without penalty. I had a letter telling me this for mine (this was probably a couple of years back), when they removed the penalty. I closed mine in branch in December '08, and had interest paid right up until that date.

Well, I never.

I've received the ususal statement of interest each year but no mention of being able to close it.
With rates being what they are at the moment, I wonder if it's worth closing now, so close to maturity.
I'm already wondering where to put the matured funds.

I'd love to add it to my maxed Coventry 50 Plus eSave (5) 6.25% fixed rate, or 5.8% fixed rate BOS Inst Savings Acc Reward. They will be fixed until November.
It would probably be quite safe to do that but you never know.
So I'm to cautious a person to risk it.
Probably stick it in my B&B esavings 6 or NPBS E-Saver (Issue 1)

Next quandary will be where to put the ISA allowance in April.
Always just added to our Nationwide ISA's each year. But they are now 1yr fixed rate ones.

I hope that by the end of the year, when all my fixed rate bonds and savings accounts mature, the country is in a bit better state and rates have risen. Wouldn't hold my breath though.

Money is a pain sometimes. :rolleyes:

rb10

I think it was summer 2006 that I got the letter about being able to close it - I'd opened it in March 2006, and it was only a few months later. Even though I've only got a few months left on mine, I closed it in December, as I am getting a much higher rate on my 6.25% Halifax Guaranteed Saver Reward.

They did try to penalise me the interest when I closed it, but I confidently said I'd received a letter saying it could be waived, and they overrode the penalty.

It's worth closing, as the rate has dropped so far, and is only likely to drop again on 1st March.

evenasus

Thank for the information.
I'm going to contact them and find out if I can close it without penalty.

I had a problem with them once with interest paid on an account I had.
I'd transferred an amount out to another of their (higher interest) accounts and was told that there would be no penalty.

Come interest time...you guessed it, they had penalised me.
Went straight down to the branch and I had to tell them what interest I should have received. They said sorry and amended the interest to my figures...without checking!

rb10

evenasus wrote: »

Come interest time...you guessed it, they had penalised me.
Went straight down to the branch and I had to tell them what interest I should have received. They said sorry and amended the interest to my figures...without checking!

That's probably because they didn't have a clue what you were on about, and don't know how to calculate interest.

I checked the interest I received, and it was all correct, there was no penalty applied.