Barnsley 1 year Fixed Rate 3.50 gross

claire07

Just had an email from Barnsley they are offering a 1 year bond at 3.50 gross fixed until 31/7/12 in case anyone might be interested.

steady__eddie

I have one of thier last years offerings (3%) which is due to expire at the end of this month. They sent me a reminder by snail mail last week together with the then "great savings opportunities" which were available, (2.25% gross until 31/07/12 and 2.8% until 31/01/13). I received their emaill on Saturday re the 3.5% job and am tempted to wait until the end of the month and transfer to it but knowing my luck, it will have been pulled by then. In that event, I won't be tempted to avail myself of their other "great savings opportunities".

Ifts

steady__eddie wrote: »

I have one of thier last years offerings (3%) which is due to expire at the end of this month.
I received their emaill on Saturday re the 3.5% job and am tempted to wait until the end of the month and transfer to it but knowing my luck, it will have been pulled by then.

Might be worth you contacting Barnsley to say you want to transfer the funds from the maturing one at the end of the month to this one. That way even if it does get withdrawn before the end of the month you have started the ball rolling and it should be OK.

Was in a similar situation a little while ago with a Fixed Rate Savings Bond with Rothschild Reserve where they brought out a new savings bond a month before my original one matured. I didn't want to miss the boat and thought it would be easier to re-invest the maturing funds with them. I contacted them and explained I wanted to apply for the new one but would have to fund it with the money from the first one when it matured in over a months time. In my case Rothschild Reserve allowed me to do it.

ChiefGrasscutter

I've known building societies do the opposite.
By this I mean they deliberately pull the new fixed term bond from sale just before some previous bond issue of theirs is about to mature.
That way they can prevent roll overs by holders - on which they would have to pay a lot of interest - which they don't like of course.
Instead can shove everyones' maturing bond into some instant access maturity account at 0.000001% interest which is far more sensible - from the building societies point of view that is!

Ifts

If you don't ask you don't get, one can only try.

It does save a lot of hassle if you can roll over an existing savings bond with the same provider. If it was me and they refused, then I would simply vote with my feet.

Froglet

Hi Claire,you can see by this post how long the bond has beeen around.I am amazed it is still available

#1

Froglet

14-06-2011, 12:21 PM Serious MoneySaving Fan

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Barnsley fixed rate bond........New.

Couldn't see this advertised anywhere so thought i would let you all know that i have just applied.It has to be one of the quickest and easiet i have ever applied for.Can put money in straightaway!

Impressive rate of 3.5% till end July 2012.

http://www.barnsley-bs.co.uk/savings...line-bond.html

Careful_ly

This account will be withdrawn on 20.7.11 according to emoneyfacts
https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=207274

steady__eddie

It looks like I'm voting with my feet then.

Ifts

steady__eddie wrote: »

It looks like I'm voting with my feet then.

Did you ask them if you could roll over the proceeds from your bond that matures at the end of this month to this one?

noh

Careful_ly wrote: »

This account will be withdrawn on 20.7.11 according to emoneyfacts
https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=207274

Interesting that the identical account at YBS, who own Barnsley BS, isn't mentioned but I guess that will be withdrawn on the same date.

charlieboycat

Careful_ly wrote: »

This account will be withdrawn on 20.7.11 according to emoneyfacts
https://www.emoneyfacts.co.uk/news/savings-news.aspx?newsarticleid=207274

The online application form is still there - although I can't say if it will work.

However I just telephoned them regarding accounts that are open. Deposits can be made up to and including 5th August - both to accounts already active and to those where applications are in the pipeline. The young lady to whom I spoke specifically mentioned (with no prompting from me) that this would allow people who had a new 3.5% bond to transfer in funds from their bonds maturing on 31 July.