Punjab national Bank (international)

veryintrigued

A heads up that these seem to have some market leading ISAs still on offer. Branch only but they all seem to allow transfers in:

http://www.pnbint.com/cash_isa.aspx

Ive used them for a year or so for some savings - initially a little chaotic but now fine.

steady__eddie

I have a couple of fixed rate bonds wih these and also found them very helpful. I fancy one of the variable rate jobs or a 1 to 2 year fixed rate on the expectation that rates MAY creep north in the foreseeable.
One thing that I would like to know though, 2% variable, what is this tied to ? 1.5% above base rate ? I've looked on their website but can't see an answer (or have overlooked it).
I'm going to pop in tomorrow and check it out

Consumerist

steady__eddie wrote: »

. . . One thing that I would like to know though, 2% variable, what is this tied to ? 1.5% above base rate ? I've looked on their website but can't see an answer (or have overlooked it). . .

It is probable that the rate is not tied to anything. When they have raised their target amount, it is likely the rate will drop to something less than the "going rate" at that time.