We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
fixed rate bond NR 5.3%
Yogibear
Posts: 459 Forumite
we have £100,000 in a Northern Rock 1 year bond which matures on 1 August
2007 if we take the money out
we will lose 2 months interest,would this be
foolish, if we then put it in a bond at 6.3%?
2007 if we take the money out
we will lose 2 months interest,would this be
foolish, if we then put it in a bond at 6.3%?
please do not pick on me for my grammar,I left school at fifteen and worked in the building trade for 55years ,
Chalk and slate csc:D
Chalk and slate csc:D
0
Comments
-
Yes, by the time you have considered transfer times you will probably lose money doing it this way. best to wait until it matures then move on.0
-
no probably about it - 2 months at 5.3% is is £883 lost, compared with a gain of £166 for the extra 1%0
-
thank you to both of you:Dplease do not pick on me for my grammar,I left school at fifteen and worked in the building trade for 55years ,
Chalk and slate csc:D0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards