Notts. B.S. 3% Bond.

Ken68

Notts building society have issued a 3% bond.
Fixed until 30/04/19.


Existing customers only.
Minimum £1000.
Interest paid on 30th April into any account.
No withdrawals.
Branch only.

Froglet

I really wish they wouldn't make it a branch only thing.I thought having accounts via the internet meant you got better rates.


In any case by 2019 I think (and hope!!) that rates will be better than this.I have just opened a poppy bond with the Coventry at 2.40% for three years.

theGrinch

thanks, but too many hoops for me and most as savers are clobbered again and again. Though I have been a notts customer for 20 years

Ken68

Agree borderline. Am building up for the Pensioner Bonds. 2.8% and 4%.

Old_Slaphead

NBS is local to me but, with interest rates expected to rise from mid/late 2015, I wouldn't tie up funds for nearly 5 years at 3% with no early release options

Ifts

Froglet wrote: »

I really wish they wouldn't make it a branch only thing.I thought having accounts via the internet meant you got better rates..

There are a couple of internet only 5 year fixes offering (slightly!) better rates (Secure Trust Bank 3.11% and FirstSave 3.08%): http://moneyfacts.co.uk/savings/fixed-rate-bonds/

In any case by 2019 I think (and hope!!) that rates will be better than this.I have just opened a poppy bond with the Coventry at 2.40% for three years

Agree 5 years is a little long to fix at these rates (the last 5 year fix i opened was a cash Isa @5% back in 2011). I chose to go with Paragon Banks 2.5% for 3 years the other day.

Ken68

Apparently first issued in Feb this year. I put in the minimum £1k.

StevieJ

Old_Slaphead wrote: »

NBS is local to me but, with interest rates expected to rise from mid/late 2015, I wouldn't tie up funds for nearly 5 years at 3% with no early release options

Still got that 5% Coventry going strong, thanks for that

Old_Slaphead

StevieJ wrote: »

Still got that 5% Coventry going strong, thanks for that

Did you get the CBS ISA Reward (Statement) too ?

Now closed issue but still paying 2.5% with instant access