Escaping from a 6 year Combi bond with NatWest

ninette_de_valoire

Can anyone give us advice on how to leave a NatWest Combi Bond before the term is up please? We have tied our money up for 6 years and realised after leaving the Bank this was a mistake. There was no cooling off period. What excuse can we give to save loosing a chunck of money or indeed being able to get our money out at all. We haven't yet spoken to the Bank. Thank you.

pmduk

The sooner you talk to the bank the better.

freezspirit

Is this what you got http://www.natwest.com/content/private/pdf/combisaver_ts_cs.pdf

if so section 6 might help.

Dannydebt

ninette_de_valoire wrote: »

Can anyone give us advice on how to leave a NatWest Combi Bond before the term is up please? We have tied our money up for 6 years and realised after leaving the Bank this was a mistake. There was no cooling off period. What excuse can we give to save loosing a chunck of money or indeed being able to get our money out at all. We haven't yet spoken to the Bank. Thank you.

I done one of these last July 50k in Combi Bond and 25k in the savings account part (The 50/50 split), I then knew it was a mistake and I did manage to get out of it, although the rate in the Savings part was meant to be 3.5% and was more like .5% (That part is now with the ombudsman), but if you PM me I will tell you how I got out of it (Don't want to say on here) although it is not guaranteed to work for you but it did for me, but be warned there is a penalty !.

ninette_de_valoire

Thanks for that.We now need a good excuse to avoid paying Bank £600!

ninette_de_valoire

pmduk wrote: »

The sooner you talk to the bank the better.

We know we have to speak to the Bank but we wanted Moneysavers advice on WHAT to say to them to avoid paying £600 fee and loosing some of our money. Hence this thread!

ninette_de_valoire

Dannydebt wrote: »

I done one of these last July 50k in Combi Bond and 25k in the savings account part (The 50/50 split), I then knew it was a mistake and I did manage to get out of it, although the rate in the Savings part was meant to be 3.5% and was more like .5% (That part is now with the ombudsman), but if you PM me I will tell you how I got out of it (Don't want to say on here) although it is not guaranteed to work for you but it did for me, but be warned there is a penalty !.

Thank you. How do I pm you? This is the first time I've done this and am clueless!!!

SimbaSimon

ninette_de_valoire wrote: »

Thank you. How do I pm you? This is the first time I've done this and am clueless!!!

Click on the username you wish to PM and select "Send a private message"