Britannia Bond maturity

claire07

In case anyone else has a Britannia Bond maturing in November, I had a letter offering 1 year fixed at 2.81 and 2 year at 3.31, but was phoned today by Britannia and they said to ignore those rates as they were increasing them to 3.25 for 1 year and 3.50 for 2. I was going to close my account but might now stay another year.

alanq

According to the Britannia website the new one-year bond pays 3.00%. It is refreshing for a provider to pay a higher rate to a loyal customer than for new money.

Update: I too have been contacted by branch about the higher interest rate for maturing funds.

steady__eddie

For the last month I have been bombarded by 'phone calls from them. Unfortunately they were all when I was out trying to to finance the national debt. They have not contacted me as yet though about these more attractive rates. It was my intention to leave 500 in a one year bond in case they offered something better within 12 months and being a current customer, I wouldn't have to jump through the hoops known as the prevention of money laundering regulations.