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krbs

Moneysaving expert quotes krbs as paying 4.25% for its 3-year investment bond, but the rate on krbs's website is 3.75%, and appears never to have been 4.25% What is going on?

Comments

  • SnowMan
    SnowMan Posts: 3,790 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 14 July 2011 at 7:50AM
    Their fixed rates have been reduced by between 0.15% and 0.5% as from today see link here

    The 3 year fix was 4.25% up to yesterday presumably and has now reduced by 0.5%.

    No doubt MSE will be updating their list shortly.
    I came, I saw, I melted
  • MarkyMarkD
    MarkyMarkD Posts: 9,912 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Philanthropist is/was confusing the three year fixed rate savings account (was 3.75%, now 3.50%) and the three year fixed rate bond (was 4.25%, now 3.75%).

    The fixed rate bonds are inflexible - no additions, no early closures; whilst the fixed rate savings accounts are more flexible - additions allowed, early closures subject to loss of interest. Your choice how flexible you want/need your investment to be.
  • Thanx folks - all clear now
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