We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Santander Tracker Bond

newcastleneil
newcastleneil Posts: 78 Forumite
in Savings & investments
Hi
I went down to Santander today and opened a 1 year tracker bond at 3 per cent .I couldnt find any I year bonds to beat this ,and if the base rate were to increase so will my bond .I had no problem at all it was all done in about 15 minutes .I know Santander have had a lot of bad press lately but I couldnt fault them

Regards:D

Comments

  • milksheikh
    milksheikh Posts: 3 Newbie
    Is this product covered under the Financial Services Compensation Scheme? (I am struggling to find a decisive answer)
  • xrjtg
    xrjtg Posts: 600 Forumite
    Yes, it's a normal savings account and Santander are covered by the FSCS.
  • sam_007
    sam_007 Posts: 1 Newbie
    edited 12 October 2010 at 4:58PM
    Hi

    Just wandered how these tracker bonds work? E.g. can you view them through online banking? What are the savings certificates all about? How do you register for gross interest for them?

    Is there a sort code that comes with them?

    thanks
  • Lower_North
    Lower_North Posts: 4,959 Forumite
    I had a A and L bond previously and i could see it on line. I have also taken one of these 3% tracker accounts (I didnt go for the loyalty bonus as I am thinking of leaving A and L and if I dont have a current account they would cancel the bond!)
    MSE is a religion and the Arms is its Temple:money:

    :beer:
  • xrjtg
    xrjtg Posts: 600 Forumite
    If "have a current account" is the only condition then can't you just keep your account open and never use it?
  • Lower_North
    Lower_North Posts: 4,959 Forumite
    xrjtg wrote: »
    If "have a current account" is the only condition then can't you just keep your account open and never use it?

    you need to pay in £1000 a month into A and L accounts.
    MSE is a religion and the Arms is its Temple:money:

    :beer:
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture