Hsbc 5% bond 5 years

Lokolo

Baldur wrote: »

Looks like a Money Market deposit, as their fixed-rate bonds are for </=£49,999 http://www.hsbc.co.uk/1/2/personal/investments/financial-advice/money-market;jsessionid=0000kK2g5nDE_slj5b4LhFR_xOB:12c58t1e1

I think I'm being really dumb (I did only have 4 hours sleep last night), but I can't see how they are classed as investments?

DiggerUK

kjm't,
Abbey are doing a 1 year at 5.5%.
You could put a chunk in there, then just wait for another better rate to come along. It seems that all the banks are getting desperate for money. Good rates seem to pop up now and then. Bit like buses.
If you put 10K away every two months, then in a years time you will have a rolling income coming in which gives you flexibility. Especially if you need cash.

Ever thought of gold? (calm down dears, I'm only trolling!!)

Take care.

kjmtoday

I have appiontment today 4.30 pm. they rang me offering the 5% bond 5years. i recently cancelled the L&G growth and got money back. I think maybe best to wait a bit and see how markets are in a few months before committing. I really dont trust banks only in it for themselves. i cant see it offered on their website myself

Lokolo

DiggerUK wrote: »

kjm't,
Abbey are doing a 1 year at 5.5%.
You could put a chunk in there, then just wait for another better rate to come along. It seems that all the banks are getting desperate for money. Good rates seem to pop up now and then. Bit like buses.
If you put 10K away every two months, then in a years time you will have a rolling income coming in which gives you flexibility. Especially if you need cash.

Ever thought of gold? (calm down dears, I'm only trolling!!)

Take care.

Wheres the 5.5%? Their site is so confusing. Too much red.

And lol I was waiting for gold to be mentioned

Lokolo

kjmtoday wrote: »

I have appiontment today 4.30 pm. they rang me offering the 5% bond 5years. i recently cancelled the L&G growth and got money back. I think maybe best to wait a bit and see how markets are in a few months before committing. I really dont trust banks only in it for themselves. i cant see it offered on their website myself

Ok so its some sort of investment. You obviousy pulled out at a low to get money back which may suggest you don't want investments? If thats the case, when you go down to the bank say that you aren't comfortable with them.

They are a sales force and do get comission, so they will want to sell it to you even if its not in your best interest.

DiggerUK

http://www.moneysupermarket.com/savingsp/SavingsDetails.asp?SavingsID=24918&Amount=1000&Results=5&Lender=

Just noticed the condition about investing in an investment product.

dunstonh

I have appiontment today 4.30 pm. they rang me offering the 5% bond 5years. i recently cancelled the L&G growth and got money back. I think maybe best to wait a bit and see how markets are in a few months before committing. I really dont trust banks only in it for themselves. i cant see it offered on their website myself

Why do you keep going back to the banks when you know they employ salesforces and their products are not going to be the best on the market? You are just going to end up with something similar being offered as before.

Lokolo

DiggerUK wrote: »

http://www.moneysupermarket.com/savingsp/SavingsDetails.asp?SavingsID=24918&Amount=1000&Results=5&Lender=

Found it. only problem is

Get a 5.50% AER tax free (variable) Super Direct ISA when you put the same amount or more into the qualifying investment.

Good rate, just not sure the OP really wants investments considering they pulled out at a resonble low.

kjmtoday

Cancelled appointment....1 yr abbey sounds good

DiggerUK

kjmtoday wrote: »

Cancelled appointment....1 yr abbey sounds good

There is a condition that I missed, you have to put the same amount in a linked product. Halifax don't seem to have same conditions.

http://www.moneysupermarket.com/savingsp/SavingsDetails.asp?SavingsID=14937&Amount=1000&Results=5&Lender=