Derbyshire drops its rate on fixed rate bonds

moneylover

Derbyshire Building Society closes its 6.45% fixed rate bond issue 146 today presumably they had pulled in all the money they wanted
So that just leaves Anglo Irish Bank offering 6.45%.

Derbyshire BS FIXED RATE BOND Issue 147 will be launched w.e.f. 20.6.07: a fixed term account maturing 30.6.09 with a minimum investment of £100 paying 6.35% yearly (6.17% monthly). Further additions permitted whilst issue remains open. No earlier access permitted....

bristolleedsfan

moneylover wrote: »

Derbyshire Building Society closes its 6.45% fixed rate bond issue 146 today presumably they had pulled in all the money they wanted
So that just leaves Anglo Irish Bank offering 6.45%.

Derbyshire BS FIXED RATE BOND Issue 147 will be launched w.e.f. 20.6.07: a fixed term account maturing 30.6.09 with a minimum investment of £100 paying 6.35% yearly (6.17% monthly). Further additions permitted whilst issue remains open. No earlier access permitted....

from dates u have given derbyshire have closed the one year fixed rate issue, and launched a two year fixed rate issue paying 6.35% yearly, its not true that derbyshire have dropped the rate because a completely different product is being launched on 20.6.07, 6.35% yearly on a 2 year fixed rate bond is the same as the 2 year fixed rate offered by anglo irish bank.

KingKenny

http://www.askbm.co.uk/savings/t/fixed/intro.asp

Year Fixed Rate Bond - Annual Interest Rate
£1 minimum investment Access not permitted for term Annual interest rate
Gross/AER: 6.40%
Net: 5.12%


1 Year Fixed Rate Bond - Monthly Interest Rate
£1 minimum investment Access not permitted for term Monthly interest rate
Gross p.a: 6.22%
Net: 4.98%
AER: 6.40%

http://forums.moneysavingexpert.com/showthread.html?t=473175

Derbyshire Building Society 6.45% fixed rate bond issue 146

1) They do not pay interest on BACS payments into this account until the day after it is recieved into your account, i.e. the fourth working day!
2) They do not pay interest on CHAPS payments into this account until the day after it is recieved into your account, i.e. the second working day!
3) On maturity, they do not allow CHAPS payments to withdraw your funds, you can only make, a cash, cheque, or BACS withdrawal.
It would be a good thing to have a thread where it outlines all of the banks and building society rules on CHAPS and BACS, as it seems to differ so much and could cost you a considerable amount of money in lost interest, should you not be aware prior to opening an account.


I do not know what the Midshires rules are in relation the the above?