4% for 15 months ...

OneADay

For all your informations

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I have a soon to mature 9 month bond with Halifax.

I have read about Punjab National Bank and not really impressed by their site but they are covered with the FSCS guarantee and are offering 3.5% for 12 months.

Well I decided to pursue this and wondered to the PNB branch in Birmingham today. And behold I am offered 4% for 15 months rather than 3.5% for 12.

So I agreed.

Will see when all the paperwork arrives. Had to open a separate standard saving account with a few quids and then the fixed rate one will be opened.

Chap said that its not on their site but if you have 10k or more to put away, they offer 4% at 15 months (only in branch).

yorkiebar

They have the worst designed website in history.

OneADay

yorkiebar wrote: »

They have the worst designed website evvva

Oh yes I pointed that out and he said they know and have some bods working on it .... apparently....

7sefton

What was their in-branch service like? Did the branch look like a normal bank or was it just an office?

OneADay

7sefton wrote: »

What was their in-branch service like? Did the branch look like a normal bank or was it just an office?

Quite spacious compared to normal banks. They had 3 chaps all busy plus a lady behind the counter. I chose to go the branch in preference to using the web site for obvious reasons.

Did take a 10 - 15 minutes to deposit £3 into the standard saving account with 3 blokes in front of me doing some currency trading.

gozomark

was that 4% AER or 4% in total ?

OneADay

gozomark wrote: »

was that 4% AER or 4% in total ?

4% AER which then makes it 5% total growth on initial amount (without deducting tax) over 15 months.

It was all done verbally though (I did double check), I have paper receipts, I left a cheque dated for next week (when my Halifax bond matures). Paperwork will arrive in post he said. There is internet logon which I opted into but won't be using me thinks with their site.