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Why would a bond be withdrawn?
Andrewz
Posts: 2 Newbie
A beginners question, but I'd be interested to know why a fixed interest rate bond would be withdrawn. I'd been looking at a 1 year bond offered by firstsave dot co dot uk - and listed on this site - a week or so ago but it's now shown as 'currently unavailable' at firstsave dot co dot uk/accounts
Is this in anticipation of an interest rate change or do they just have a limit on the total value of bonds that they issue.
Thanks!
Is this in anticipation of an interest rate change or do they just have a limit on the total value of bonds that they issue.
Thanks!
0
Comments
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Banks and Building Soceity's uusally have internal limits of how much they want to raise from a savings account. When this limit has been reached they tend to close them.0
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OK, many thanks for the quick response!0
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