Melton Mowbray best fixed one year rate?

Froglet

"bet it won't be around too long" I said...................

I didn't know,honest!!


Their website says a replacement product will be considered shortly.Bet it's not at the same level though!

Stompa

Froglet wrote: »

Their website says a replacement product will be considered shortly.Bet it's not at the same level though!

I hope it's not at a higher rate!

Froglet

ha ha if it is they'll be breaking this record and withdrawing it the same day as it comes out :eek:

Newbie2saving

Honestly, so annoyed, all ready to go with this product. Well Froglet good spot and if you see any others keep us posted, thanks (oh and well done to those who were quick off the mark - lesson learnt!)!

vegasvisitor

Optimist wrote: »

Yes you can transfer your ISA now. I believe Northern Rock @ 3.5 % fixed until 15/12/10 is currently one of the best rates

This thread is kept updated regularly for best current ISA rates Here

I'm a bit scared of Northern Rock to be honest....I'm not too keen on how they were lending their money and they still have a lot of bad credit out there. Any thoughts on whether it is ok or not? I'm thinking they are now government run, so should be ok I guess, I just don't want to risk my ISA as it is my long term savings (ie hard earned cash!).

As for the money I had planned for Melton Mowbray, I've found a Britannia bond but no online applications, so bit of a pain...not sure what to do. I've also opened a Santander 3.3% 60 day account too for now. Getting a bit more organised! Just need to shift the isa....I cringed when I did the calculations tonight! Need to move it ASAP, assuming another bank will be able to take on my partially paid into year that I've got just now.

Stompa

Well MMBS seem pretty efficient as I've just received my Welcome pack through the post. However, it makes no mention of when interest is paid, and that info also seems to have now disappeared from their website.

My recollection is that interest is paid on 30/11/10, and then again on 04/01/11 when the bond matures. Can anybody confirm that my memory is correct please?

Thanks

dali21

That's correct. I remember 30 November as the interest payment date.

Stompa

dali21 wrote: »

That's correct. I remember 30 November as the interest payment date.

Excellent, I'm not going senile yet then! Many Thanks.

alared

additional terms

The investment is for a term to mature on 4 January 2011

The minimum investment is £1,000 per account and the maximum is £250,000. New funds only. Internal transfers are not permitted. Once an account is open no further deposits will be accepted.

The account can be opened in your sole name or in joint names (only one account per person), but is for UK resident individuals only aged 16 or over

Early withdrawals will be permitted on demand to your nominated bank account, subject to 90 days’ gross interest penalty on the amount withdrawn.

Interest, payable annually on 30 November and upon maturity, will be added to the account.Interest rates can be found on the interest rates page on this website

Your account will be opened online and once open you will have easy access to your savings 24/7 which will allow you to:

>> Transfer funds between your online savings and your nominated bank/building society account

>> Check your balance or transactions

>> View any other account balances that you may have including a mortgage account

>> View and print online statements - paper statements will not be issued for this account

>> Check the current interest rate on your account whilst logged in

>> Change personal details



From 1 Dec 2009£1000+Annually4.004.003.203.20

kostigovs

lesley74 wrote: »

I'm a bit scared of Northern Rock to be honest....I'm not too keen on how they were lending their money and they still have a lot of bad credit out there. Any thoughts on whether it is ok or not? I'm thinking they are now government run, so should be ok I guess, I just don't want to risk my ISA as it is my long term savings (ie hard earned cash!).

As for the money I had planned for Melton Mowbray, I've found a Britannia bond but no online applications, so bit of a pain...not sure what to do. I've also opened a Santander 3.3% 60 day account too for now. Getting a bit more organised! Just need to shift the isa....I cringed when I did the calculations tonight! Need to move it ASAP, assuming another bank will be able to take on my partially paid into year that I've got just now.

What exactly about Northern Rock scares you given the Government guarantees.
Which bank/building society do you feel more confident about