3.95% for 1 year with NS&I

D1zzy

musehead wrote: »

Does anyone know if it's possible to open two bonds of the same issue? Thinking of opening one this week, and maybe another in a couple of weeks when I have more funds avaliable. Or perhaps i'll be able to add to the existing bond.

Can't see anything about adding to, but Ts & Cs appear to say that you can have a combination of bonds upto £1000,000, so I would assume you an have more than 1 ( can't see anywhere that says you can't). I was thinking of a 1 year and a 2 year.

fatbob10

thank goodness someone is making the 1 year market a bit more interesting. i see you can use a debit card to credit funds to the bond. Anyone know what the limit for a debit card transaction with Halifax is?

cheers.

juicyjude

I think Barclays have a fixed rate bond with similar tax conditions, ie you have to claim back the tax if you are a non tax payer rather than just registering an R85 at the end of the term. Cant be faffed with that either, but cant remember which bond it is.

Lokolo

juicyjude wrote: »

I think Barclays have a fixed rate bond with similar tax conditions, ie you have to claim back the tax if you are a non tax payer rather than just registering an R85 at the end of the term. Cant be faffed with that either, but cant remember which bond it is.

http://www.hmrc.gov.uk/forms/r40.pdf

shrewsaver

fatb!!!0 wrote: »

thank goodness someone is making the 1 year market a bit more interesting. i see you can use a debit card to credit funds to the bond. Anyone know what the limit for a debit card transaction with Halifax is?

cheers.

Give Halifax a call and ask them, because they can authorise it if it is above a limit, plus if it is within the limit but a large amount they will be able to make sure it doesn't get stopped when you try to put the transaction through.

amcluesent

If this is a wake-up to banks, I suppose it'll boost the Investec Hi 5 returns too.

fatbob10

I'll do that - thanks for the info shrewsaver

WaxiesDargle

what's the difference between a growth bond and an income bond?

nilrem_2

Froglet wrote: »

So not really suitable for non tax payers unless you want to faff around reclaiming tax later on which i definitely don't.Done it once and it is a right pain.

Nonsense It is a simple form (R40) and takes but a few mins to fill in to claim back tax on interest, if you do it one year they will automatically send you a form for the next year! Been filling one in for her indoors for several years, further more they even pay you interest on back tax due if you don't claim for a few years, you can claim back for around 5 years if you missed out.

WaxiesDargle

I think I found the answer to my question

http://www.nsandi.com/savingneeds/guaranteedreturns.jsp

still not sure though :rotfl: