Barnsley BS 3 yr bond at 5%

avalanche_3

This bond is still available over the internet but won't last long, the Yorkshire BS who own the Barnsley have pulled their identical product last weekend.

This is by far the best rate at the moment for a 3 year bond.:j

Old_Slaphead

avalanche wrote: »

This bond is still available over the internet but won't last long, the Yorkshire BS who own the Barnsley have pulled their identical product last weekend.

This is by far the best rate at the moment for a 3 year bond.:j

For now maybe - but for me, it won't be a case of buy now while stocks last. There will be, IMO, better deals in the not too distant future.

Hungerdunger

avalanche wrote: »

This is by far the best rate at the moment for a 3 year bond.:j

Agreed, although the Coventry stepped saver looks quite attractive. If my sums are right (which they probably aren't) this should give an overall rate of around 4.66% for the three years.

Andystriker

Old_Slaphead wrote: »

There will be, IMO, better deals in the not too distant future.

I disagree.

It's a gamble whichever way you play it but I don't believe that there will be a better deal to beat this offer in the 3 year timescale.

Remember if you wait 12 months for a better deal you will have lost time on the 3 year term, so the lost interest would have to be made up to beat it.

I have invested £25000 in this today and I have no regrets.

Andy

Lorian

I wouldn't expect any regrets after a day. After a year or two who knows.

musehead

I put money into the Newcastle 5% bond because early withdrawal is allowed. Not too keen on this one because you're fully committed to the 3 years.

ManAtHome

Andystriker wrote: »

but I don't believe that there will be a better deal to beat this offer in the 3 year timescale

I'm with Old Slaphead - banks and building societies need money coming in before they can lend it out. Wholesale funding (pesky foreigners) has dried up, taxpayer cash is running out (QE), ratings downgrades have scuppered intitutional deposits (councils etc), so I reckon plenty more action for retail deposits to come.

Old_Slaphead

Andystriker wrote: »

I disagree.

It's a gamble whichever way you play it but I don't believe that there will be a better deal to beat this offer in the 3 year timescale.

Remember if you wait 12 months for a better deal you will have lost time on the 3 year term, so the lost interest would have to be made up to beat it.

I have invested £25000 in this today and I have no regrets.

Andy

We'll see.

Just my view of course and I'm not always right (I've a 2 year bond at 4.3% which is starting to look a bit feeble - but then again, I've also 5yr paying 7%).

At moment I'm holding off "investing" my spare cash (currently with A&L @ 3.15% for immediate access) awaiting a 2 year offering north of 5%

Steve_xx

Old_Slaphead wrote: »

At moment I'm holding off "investing" my spare cash (currently with A&L @ 3.15% for immediate access) awaiting a 2 year offering north of 5%

You could open Lloyds TSB Vantage current accounts, currently paying 4% on balances between 5 & 7K. Yo have to pass 1k per month through the account/s, mind you.

zzzLazyDaisy

Steve_xx wrote: »

Yo have to pass 1k per month through the account/s, mind you.

Yes but it doesn't have to be outside money. If you have two vantage accounts you can simply pass the £1000 from one to the other, and back again.