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MSE news: Boost for savers as trio of top accounts launch (Barnsley, YBS, Halifax)

Former_MSE_Archna
Posts: 1,903 Forumite

This is the discussion thread for the following MSE News Story:
"Savers have received another lift with the introduction of three best-buy accounts today.
Rates have been steadily rising over recent weeks. While still well down on a year ago, the 5% earning potential is a whopping ..."
"Savers have received another lift with the introduction of three best-buy accounts today.
Rates have been steadily rising over recent weeks. While still well down on a year ago, the 5% earning potential is a whopping ..."
Read the full story:
Boost for savers as trio of top-paying accounts launch
Boost for savers as trio of top-paying accounts launch

Thanks to Steve_xx for posting this originally. That thread has now been merged with the news story discussion to avoid duplication.
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Comments
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The Yorkshire/Barnsley Building Societies will launch some new bonds on 17 July:
3 YEAR FIXED RATE BOND: a fixed term account maturing 30.9.12 with a minimum investment of £100 paying 5.00% yearly (4.89% monthly).
4 YEAR FIXED RATE BOND: a fixed term account maturing 30.9.13 with a minimum investment of £100 paying 5.15% yearly (5.03% monthly).
5 YEAR FIXED RATE BOND: a fixed term account maturing 30.9.14 with a minimum investment of £100 paying 5.40% yearly (5.27% monthly).
For all 3 bonds: No earlier access permitted. Additions permitted whilst issue remain open.
It seems that only Barnsley willoffer these bonds online. Yorkshire will offer them in branches only. See my post #15 for details of the dialogue between Yorkshire BS representative and myself.
Barnsley Building Society will also launch 3 bonds on exactly the same terms! They are part of the same group.0 -
could these be opened in childs name so tax minimised?0
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You probably have to be aged 16 or over.0
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I wonder if you will be able to open these in branch. It is so nice to be able to talk to someone when dealing with large amounts of money. Its a long time to tie it up for but the constant chasing of interest rates is a pain. Interesting that the rates are better, if this is true, than the rates at the minute. I wonder if they know something we dont?0
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I wonder if you will be able to open these in branch. It is so nice to be able to talk to someone when dealing with large amounts of money. Its a long time to tie it up for but the constant chasing of interest rates is a pain. Interesting that the rates are better, if this is true, than the rates at the minute. I wonder if they know something we dont?0
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Base rate is still 0.5% and we are seeing 5 yr Bonds paying 5.4%!0
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Speculator wrote: »Base rate is still 0.5% and we are seeing 5 yr Bonds paying 5.4%!0
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Thanks for this thread Steve, which is another thread that cannot be called pointless.;)0
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Andystriker wrote: »Thanks for this thread Steve, which is another thread that cannot be called pointless.;)
But yes, sometimes folks on here can be a tad rude, can't they? It's kinda interesting that in my thread on the Newcastle 5% bond, viewed by 11,506 people, and taken up by lord knows how many as a result, that just two people said thanks! It doesn't matter at all to me, it was just an interesting observation you know.0 -
Hey, it was me who said one of your other threads was pointless but I was reasonably polite about it, if a little terse. You have to admit I was right about that one and I think you are admitting it. This thread, however, is not pointless. Thank you and also for the Newcastle thread.0
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