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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
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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
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no probably about it - 2 months at 5.3% is is £883 lost, compared with a gain of £166 for the extra 1%0
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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
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