Kent Reliance Building Society

Woodland_lady

I have heard that this society is to launch a 2 year bond paying 3.1% on 15.11.2012. Seems good in the present poor savings market.

badger09

Woodland_lady wrote: »

I have heard that this society is to launch a 2 year bond paying 3.1% on 15.11.2012. Seems good in the present poor savings market.

Available from tomorrow 15th according to Moneyfacts.

Not high enough for me though

opinions4u

It's KRBS.

No longer a building society.

melbury

badger09 wrote: »

Available from tomorrow 15th according to Moneyfacts.

Not high enough for me though

Do you know of any higher ones? I have a fixed rate bond maturing in December and will be looking for something else:(

calypso_rhapsody

State of India are offering 3.5% at the moment - see the Top savings link above. But it's not an internet account and opening it could be a hassle ... if it's still around in December ...

I have had quite a few maturities recently and at present it is all in a Santander instant access account that is paying 3.2% until June - but i am not confident that there will be better options even then ...

badger09

melbury wrote: »

Do you know of any higher ones? I have a fixed rate bond maturing in December and will be looking for something else:(

Sadly no - apart from the State Bank of India 2 Year 3.5% mentioned above:(

What I meant was that Fixed Rate accounts are not offering high enough rates to tempt me at the moment. I usually like to 'ladder' but with rates falling would rather keep cash in instant access for flexibility.

I reinvested maturing funds in Close Bros 3.8% 2 year account in September and put a chunk in Cahoot 3.6% 1 year in October because they offered a decent premium over instant access at the time. I still have in instant access over £40k @ 4% :T(some only to 31/1/13) and £8k @3.2%.

Unless rates improve though, I might just pay off some of my son's mortgage and hope I live for at least 7 years :eek:, or maybe I'll blow the lot on a round the world cruise, luxury campervan, or a year's supply of toy boys - or even all three :rotfl:

grey_gym_sock

badger09 wrote: »

Unless rates improve though, I might just pay off some of my son's mortgage and hope I live for at least 7 years :eek:, or maybe I'll blow the lot on a round the world cruise, luxury campervan, or a year's supply of toy boys - or even all three :rotfl:

sounds like it might be finally working: low interest rates encouraging ppl to spend more, and get the economy going again

Gromitt

badger09 wrote: »

I still have in instant access over £40k @ 4% :T(some only to 31/1/13)

24K MonBS and 18K TSB? Not a bad little earner, I agree.

I'm glad I also took out the 3 year deal with NCBS @ 3.7%.

then the Post Office should be ok until next June.

But then I need to find new homes for my savings. Or spend it all.

3.1% for a fixed 2 year deal is just too poor for me. I'd prefer to open a Santander current account and stuff it in there.

marathon_man_3

I have just placed twice with First Save for a year at 3% and found their website and administration to be really excellent. Their 6 months rate is also well above average. They are in the UK compensation scheme.

I have also placed funds, today by post, with Punjab National Bank for a year at 3.35% which is well above average right now. I am nowhere near one of their branches but the email correspondence with one of their senior managers has been first class. They are also in the Uk compensation scheme.

I have just checked the First Save website and they don't offer 2-year deposits at the moment but you might be interested in this from the Punjab Bank website:

Interest Payable on maturity only. Minimum Deposit is £ 10000. 1 Year --- 3.35% 2 Years --- 3.85% 3 Years --- 4.10% Premium Fixed Deposit Interest Rates Interest Payable on maturity only. Minimum Deposit is £ 1000. 1st Year --- 3.00% 2nd Year --- 4.20% 3rd Year --- 4.70% 4th Year --- 5.30% 5th Year --- 5.80%

interest_Ted

And now the latest from the Punjab National Bank.....

"At present we are not accepting fresh online FD Accounts from the customers,however for renewals or any queries of existing ......."

Ted

Stompa

Gromitt wrote: »

24K MonBS.... Not a bad little earner, I agree.

I'm glad I also took out the 3 year deal with NCBS @ 3.7%.

I'm even gladder that in addition to both of those I also took out the NR 5 year @ 4.3%! - which still has over 3 years to run.