We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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

Former_MSE_Archna
Former_MSE_Archna Posts: 1,903 Forumite
500 Posts
edited 17 July 2009 at 11:51AM in Savings & investments
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 ..."



OfficialStamp.gif

Thanks to Steve_xx for posting this originally. That thread has now been merged with the news story discussion to avoid duplication.
«1345

Comments

  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 17 July 2009 at 9:50AM
    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.
  • 1jim
    1jim Posts: 2,683 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    could these be opened in childs name so tax minimised?
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You probably have to be aged 16 or over.
  • juicyjude
    juicyjude Posts: 670 Forumite
    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?
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    juicyjude wrote: »
    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?
    Yes I take your point about the time to tie-up. But thinking about it, the 3 year option @ 5% isn't too bad.
  • Speculator
    Speculator Posts: 2,277 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Base rate is still 0.5% and we are seeing 5 yr Bonds paying 5.4%!
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Speculator wrote: »
    Base rate is still 0.5% and we are seeing 5 yr Bonds paying 5.4%!
    It's excellent news, isn't it? It reinforces my view that the Bank of England has lost momentum about where interest rates ought actually to be.
  • Andystriker
    Andystriker Posts: 592 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Thanks for this thread Steve, which is another thread that cannot be called pointless.;)
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks for this thread Steve, which is another thread that cannot be called pointless.;)
    I guess it could be called pointless if what I say doesn't actually happen!

    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.
  • samizdat
    samizdat Posts: 398 Forumite
    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.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.2K Banking & Borrowing
  • 252.1K Reduce Debt & Boost Income
  • 452.3K Spending & Discounts
  • 240.7K Work, Benefits & Business
  • 617K Mortgages, Homes & Bills
  • 175.6K Life & Family
  • 253.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.