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co op or Britania
cyclonebri1
Posts: 12,827 Forumite
Have a matured bond for a fair sum matured today.
Want to put it with either of the above in a 3 year bond account.
From the blurb in the savings section here;
Interest is paid at maturity with Co-op, or annually with Britannia. With both it can be paid monthly.
Does that get compounded with either? and which will pay best interest?
Of to deposit this later today so any clarification would be appreciated, :beer:
Want to put it with either of the above in a 3 year bond account.
From the blurb in the savings section here;
Interest is paid at maturity with Co-op, or annually with Britannia. With both it can be paid monthly.
Does that get compounded with either? and which will pay best interest?
Of to deposit this later today so any clarification would be appreciated, :beer:
I like the thanks button, but ,please, an I agree button.
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed
0
Comments
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Compare the AERs. If they're the same, it makes no difference.
Where it may make a difference is if your tax status changes. For example, you pay 40% tax now but are retiring (income drop to 20% tax band). Or if you're not working now (eg student, maternity leave) but will start work later. Moving your interest around to get it paid in the years when you pay less tax can sometimes be useful.0 -
Did go with britania about the time you posted, there was no difference as I could ascertain, cheers,I like the thanks button, but ,please, an I agree button.
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed0 -
Britannia allow you to open an account as a trustee for a child. Co-op don't.Ethical moneysaver0
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realaledrinker wrote: »Britannia allow you to open an account as a trustee for a child. Co-op don't.
Thanks, but wasn't relevant in my case.
As an aside, it took 5 mins to open the account with Britania but over an hr to get authorisation from Santander, (which is next door incidentally), to electronically transfer the funds.
Just annoying when it can't simply be done online.;)I like the thanks button, but ,please, an I agree button.
Will the grammar and spelling police respect I do make grammatical errors, and have carp spelling, no need to remind me.;)
Always expect the unexpected:eek:and then you won't be dissapointed0
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