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Barnsley BS 3 yr bond at 5%

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

Comments

  • Old_Slaphead
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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
    Hungerdunger Posts: 964 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    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.
    "The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens
  • Andystriker
    Andystriker Posts: 619 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    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
    Lorian Posts: 6,355 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I wouldn't expect any regrets after a day. After a year or two who knows.
  • musehead
    musehead Posts: 389 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    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
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    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
    Old_Slaphead Posts: 2,749 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    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
    Steve_xx Posts: 6,992 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    zzzLazyDaisy Posts: 12,497 Forumite
    Part of the Furniture Combo Breaker
    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.
    I'm a retired employment solicitor. Hopefully some of my comments might be useful, but they are only my opinion and not intended as legal advice.
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