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

oramgepekoe

parkersages wrote: »

Does anyone know a Bank or Building Society that has a product (saving or bond not equity linked) accepting funds from Discretionary Trusts with a decent interest rate, please

Skipton
http://www.skipton.co.uk/savings_and_investments/bonds/

crisp

anyone locking for 3 to 5 years ahead is taking a punt

Steve_xx

crisp wrote: »

anyone locking for 3 to 5 years ahead is taking a punt

Similarly, anyone not locking-in is taking a punt too. Unless of course you know about something that is a certainty?

dwsjarcmcd

Steve_xx wrote: »

Yorkshire BS & Barnsley BS are part of the same group. The Barnsley BS has gone live with the new bonds, but The Yorkshire BS is lagging a bit it seems.

After chatting with a Yorkshire BS it seems that they will not offer these bonds online, whereas Barnsley BS will. see the details of my chat below:

.

steven I note that Barnsley BS have these bonds online. Is YBS not going to offer them online?

Debbie Correct. At present the bonds will only be available online via the Barnsley website and will not be available on the YBS website.

Debbie Is there anything else I can help you with?

steven ah ok Debbie - I wonder why not online with YBS?

Debbie I'm not sure what the reason is if I'm honest.

There are two main reasons YBS isn't offering these products online

1. They have a massive online savings book and it will be very expensive if existing online customers transfer to these bonds. The Barnsley's back book is tiny. It's exactly the same reason why Nationwide's best products are reserved for Cheshire and Derbyshire.

2. They are struggling to get people through the branch doors to cross sell to and keep the branches occupied.

savetilibleed

oramgepekoe wrote: »

Skipton
http://www.skipton.co.uk/savings_and_investments/bonds/

One of these is a 10 year fixed bond :eek: - might be pushing up the daisies by then!!

Steve_xx

The Yorkshire Building Society 3, 4 and 5 Year FIXED RATE BONDS paying 5.00%, 5.15% and 5.40% respectively will be withdrawn with effect from close of business 25 July.

Andystriker

Any news on the Barnsley one Steve?

Steve_xx

Andystriker wrote: »

Any news on the Barnsley one Steve?

No news on Barnsley BS at the moment.

KittyBolt

Steve...Are YBS going to replace their Bonds with a new range of Bonds? More or less competitive?

Steve_xx

KittyBolt wrote: »

Steve...Are YBS going to replace their Bonds with a new range of Bonds? More or less competitive?

I'm sorry, but I don't know for sure . But I suspect not.