3.95% for 1 year with NS&I

soulsaver

WaxiesDargle wrote: »

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

Income: pays interest to a nominated account;growth: interest is paid into the bond and is compounded... thats the usual with these things.

alared

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.

Did you manage to find out the limit for a DC transfer from the Hilfax?

alared

Cheque and debit card clearance

If you buy your Bond by cheque or debit card, your payment will be cleared on the seventh working day (ie excluding weekends and English bank holidays).
For example, if we receive your cheque or debit card details on a Monday, your payment will be cleared on the Tuesday of the following week. Allow one additional day for each English bank holiday.
Bonds can only be cashed in after your payment has cleared.
We will bank your cheque, or start to process your debit card payment, as soon as we receive it, so please make sure you have enough money in your account at the time.
If you pay by debit card the maximum investment online is £99,999, but some debit cards have lower limits on transaction sizes. Please check with your card issuer. If this affects you, see other ways to apply.

D1zzy

alared wrote: »

Did you manage to find out the limit for a DC transfer from the Hilfax?

Called in to Halifax, Natwest & LTSB this morning - all say no limit as long as there are cleared funds to cover. However if the transaction is deemed unusual, expect a call back to confirm the transaction is OK

musehead

D1zzy wrote: »

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.

Emailed them, they said you can't add money to a bond but you can open more than one of the same bond if you want.

alared

Seems a long while for a DC to clear

---

seventh working day.

The_White_Horse

i just want to satisfy myself - if i have used my isa allowance for the year and have a grand or so spare, that is in a mortgage offset account at 2.99% - there would be no point at all in getting this bond with that cash is there? Presumably after (top rate) tax, I would be worse off.

Please confirm I am correct - if I am.

Thanks

Etccarmageddon

I don't think it'd be even worth it if you paid normal tax cos you'd get 3.16% after tax.

Jake'sGran

Reaper wrote: »

Just what I was going to say apt! It does seem to buck the trend.

Also the 5 year 4.5% looks a bit more apealing since it is possible to get the money out with 90 days loss of interest, though not as good as the recently withdrawn 5% deals.

PS I suggest using the "Like It" button so MSE notice the offer.

For the small difference in interest I would prefer the Birmingham Midshires 2yr bond @ 4.25% ..Withdrawals allowed at 90 days loss of interest on the amount withdrawn.

DiggerUK

In the deciding match of the recent Ashes Series, a geriatric and crippled Flintoff ran out a major Ozzie batsman.
If you don't follow cricket, then at least accept, that at that particular moment it was realised, by those like myself, that the world was in real risk of being turned upside down.
The Ozzies true to form gave us a game and did not collapse.
It could have gone either way.

Now we have NSI being a comparison chart leader at a fraught economic moment, not something we associate with NSI.
I have no idea what the runes are telling us, but this piece from the London Evening Standard is interesting.
http://www.thisislondon.co.uk/standard-business/article-23761057-national-savings-day-has-arrived.do