3.95% for 1 year with NS&I

lemonjelly

D1zzy wrote: »

It seems to me that , in the name of security, thay are making it harder and harder to get at your own money. At least if they had a "one size fits all" set of rules we would know all know where we stood...... I feel a campaign coming on

This is an interesting point, particularly given the post above mine.

If it is the case that the banks had a vested interest in stopping savers transferring their money (perhaps to protect their balance sheets?), then they may have looked at how they could stop a number of larger scale savers transferring their hard-earned from the bank across to NS&I's market leader.

The question is, did they act properly, fairly, & within the terms of the contracts we have with them...

I managed to get 1 of the 1 year bonds, as my transfer limit is £10k. The day after I applied for a second, but NS&I rejected me saying that I needed to wait for my customer number. Unfortunately they pulled the product on the same day as my rejection, so I have £6500 I need to find a home for.

D1zzy

Stavros wrote: »

Here is the real reason why NS&I pulled its fixed rate account

http://www.thisismoney.co.uk/savings-and-banking/article.html?in_article_id=494730&in_page_id=7

I read this at the weekend - Couldn't get my head round Nationwide blaming 6 months of wiithdrawals on a bond that had been there for 24 days...
"The nation's largest building society announced on Friday it lost £6bn of savings outflows in the first six months of the year."

If they don't want withdrawals, all they have to do is match the best rates......

Etccarmageddon

nationwide can't match the savings rates cos they let themselves get bullied into lowering their base mortage rate to something like 2.5%

musehead

I had my cheque posted back to me today, with a letter dated the 19th. Damn it!