Co-op (Britannia) Bond 3yr @ 5%

D1zzy

moneylover wrote: »

So possibly if you might want to withdraw the BM would work out just as good or even better as you are not restricted as to when you can take money out ?

It would - withdrawing from BM after 2 years with penalty about 4.25% as opposed to 4% with Britannia - but if you are over exposed to the HBOS group, Britannia looks good

C_Mababejive

Too long to fix.

The only reason why they are offering these superficial deals is to try and lock in cash belonging to hard pressed savers.

Let them keep it.

There will soon be better to be had.

Thats why they are offering..they know the tide is turning.

D1zzy

C_Mababejive wrote: »

Too long to fix.

The only reason why they are offering these superficial deals is to try and lock in cash belonging to hard pressed savers.

Let them keep it.

There will soon be better to be had.

Thats why they are offering..they know the tide is turning.

Depends who you believe. One day we are in for mega inflation, the next another crash. (this weeks news from Dubai is interesting - wonder what the bank's esposure there is )
Long term fixes with a reasonable getout option at least enable you to hedge your bets, and if the getout gives you a rate comparable with existing short term rates so much the better

arcadia00

BM is down to 4.05% since last night.

Anyway, can you wangle the Britannia & Coop bond under both their separate licenses?

D1zzy

arcadia00 wrote: »

BM is down to 4.05% since last night.

Anyway, can you wangle the Britannia & Coop bond under both their separate licenses?

AA is still 4.25% but presumably not for long

Halifax rates have changed as well - 1 year down from 3.5% and 2 year up from 4.15%
1 year £500+
2.35%
2 years £500+
4.20%

TCA

arcadia00 wrote: »

BM is down to 4.05% since last night.

Not according to their website:

http://www.askbm.co.uk/savings/p/fixed/product.asp?id=314

Also 5 years at 5.15%.

musehead wrote: »

You can also withdraw from the BM bond for 90 days loss of interest. Good deal.

90 days loss of interest only applies if there's less than one year to run. Can be up to 320 days loss of interest if you access funds in year 1.

http://www.askbm.co.uk/savings/p/fixed/product.asp?id=314&p=terms

D1zzy

TCA wrote: »

Not according to their website:

http://www.askbm.co.uk/savings/p/fixed/product.asp?id=314

2yr fix is down to 4.05% from 4.25%
http://www.askbm.co.uk/savings/p/fixed/product.asp?id=318

Stompa

TCA wrote: »

Not according to their website:

Oh yes it is:

http://www.askbm.co.uk/savings/i/fixed/product.asp?id=320

TCA

Stompa wrote: »

Oh yes it is:

http://www.askbm.co.uk/savings/i/fixed/product.asp?id=320

Eh? The discussion was about the 4 year bond at 5%.

Reaper

I think it sounds pretty good. The prospect of imminent inflation seems to have retreated for the time being, and with it the chances of higher rates on our savings. I have been sticking to 2 year deals so far but if I did not already have my money locked up with the AA I would be tempted by this.

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