BM 1 Year Bond

Jewels3000

Hi,

Does anyone know when this deal runs out or if it is a limited offer?

I'm interested but not sure if I should wait to see if the rates go up?

Thx J:beer:

Greycrow

Jewels3000 wrote:

Hi,

Does anyone know when this deal runs out or if it is a limited offer?

I'm interested but not sure if I should wait to see if the rates go up?

Thx J:beer:

Yes, It's a limited offer and will close once fully subscribed.
As it's an attractive rate that should not be very long.
http://www.askbm.co.uk/savings/t/fixed/1year/intro.asp
However, further increases in the bank rate would erode its attraction, but as they would be spread over a period of time, it still looks good to me and I'm going for it.
Remember, also, it's only suitable for money that you can tie up for the 12 month duration.

Swipe

I have reasonable amount with them in their online saver account and assume it would be fairly straightforward to transfer this. I have just emailed them to see if they will be raising their Internet Easy Access Savings Account (Issue 6) rate following the Jan increase. However, as stated, it'll only take one more interest rate hike to make Icesave within 0.1% of this and there's already talk of at least two more hikes this year. I think I'll risk giving this one a miss.

sly_dog_jonah

Swipe wrote:

I have reasonable amount with them in their online saver account and assume it would be fairly straightforward to transfer this. I have just emailed them to see if they will be raising their Internet Easy Access Savings Account (Issue 6) rate following the Jan increase. However, as stated, it'll only take one more interest rate hike to make Icesave within 0.1% of this and there's already talk of at least two more hikes this year. I think I'll risk giving this one a miss.

The Internet Easy Access Savings Account (Issue 6) is now a 'closed account' (ie no more accounts can be opened). The rate is still stuck at 5.45% and will probably not go up in response to the Jan BoE Base Rate rise :rolleyes:

The Direct Internet Savings Account is marginally better (5.5%).

Wonder when they will bring out an Internet Easy Access Savings Account (Issue 7)?

tyllwyd

sly_dog_jonah wrote:

The Internet Easy Access Savings Account (Issue 6) is now a 'closed account' (ie no more accounts can be opened). The rate is still stuck at 5.45% and will probably not go up in response to the Jan BoE Base Rate rise :rolleyes:

That's a pain! I was hoping it would be going up again soon.

[Deleted User]

tyllwyd wrote:

That's a pain! I was hoping it would be going up again soon.

See here
Luckily I have closed mine and 'realised' the interest, as my 'bonus' of 0.65% was nearly up. :beer:

tyllwyd

I'm a bit annoyed they haven't been in touch to say that it is closed to be honest, but I guess that is a commercial decision on their part. We need to spend our money in the next few months, so I don't think it will be worthwhile moving it now.