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Building society fixed interest bonds-don’t get trapped

soros · 2012-02-12 14:26:15

Just a word of caution to those that don’t read the small print on fixed interest bonds from building societies. I have noticed that by default, some building societies are trying to trap savers who have a fixed interest bond with them. So much for customer loyalty. If you do not contact the building society shortly before…

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Glen_Clark Posts: 4,397 Forumite

13 February 2012 at 10:47PM

jrawle wrote: »

Why can't they ask what you want to do on maturity at the start of the term?

Because they don't know what rates will be on offer at the end of the term.

“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
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Building society fixed interest bonds-don’t get trapped

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