New Skipton Account - Changing my Mind?

tonyg_2

I sent off the application form for a 1 year fixed-rate bond 5.2% with Skipton a couple of days ago. Given the increase in interest rates yesterday do I have the option of changing my mind about opening this bond (and maybe open something similar in a week or two when hopefully savings rates will have increased)

Debt_Free_Chick

Did you also send a cheque?

Kazza242

tonyg wrote:

I sent off the application form for a 1 year fixed-rate bond 5.2% with Skipton a couple of days ago. Given the increase in interest rates yesterday do I have the option of changing my mind about opening this bond (and maybe open something similar in a week or two when hopefully savings rates will have increased)

Some bonds have a 'cooling off' period, where a customer can pull out without penalty if they've changed their mind. Usually the customer has 7 days to do this.

If the bond you've signed up for has a 'cooling off' period, you should find it written into the terms and conditions. If you do decide to pull out, ensure that you follow the procedure carefully. Sending all correspondence with them via recorded delivery.