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Yorkshire Building Society/Credit Suisse

Anyone had a letter from YB and Credit Suisse about cashing in an investment bond?

They have been fined and are now offering early redemption/no fees, and 5.02% AER

Is this deal better than waiting for it to mature in November?

Comments

  • dunstonh
    dunstonh Posts: 121,310 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    They are not investment bonds. They are SCARPS.
    Is this deal better than waiting for it to mature in November?

    Will tell you in November ;)

    What are the terms of your SCARP? (so we can compare)
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • skipton
    skipton Posts: 676 Forumite
    They are my mums so not sure.
  • My Mum has also received a letter from Credit Suisse about her bond.
    I think we're going to cash in and get the 5.02% AER. Seems like a fair offer over 5 years.
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