Pensioner Bonds Guide

Rollinghome

2010 wrote: »

No probs last night everything went through for both bonds and confirmation received.

Same here. I logged in to make sure the server wasn't too busy about 9.00 pm yesterday evening first then applied for four lots, two each for my wife and myself. Took about 15 minutes to do them all and got the emails immediately.

I doubt there would have been all the problems reported if people had been a bit more rational and not insisted on applying on the first day when the server was very obviously over-loaded.

Hardly helpful that an over-excited Martin Lewis was still telling everyone on TV last night that if they want the bonds they must "apply now!"

Totally bonkers when both the NS&I and Osborne have given assurances that the bonds will be around for "months rather than weeks". And Osborne is savvy enough to know that misleading oldies just a few months from an election wouldn't be a great idea. Journos don't need to worry about such things.

If the server is obviously over-loaded then the best course is to come back another day. Otherwise don't be too surprised if the server gets confused and you have problems later.

2010

As of Saturday morning, £1.15bn of the bonds had been sold.

http://www.bbc.co.uk/news/uk-30862028

I would guess the initial panic is now over.;)

Archi_Bald

2010 wrote: »

As of Saturday morning, £1.15bn of the bonds had been sold.

http://www.bbc.co.uk/news/uk-30862028

I would guess the initial panic is now over.;)

Can I refer you to this: http://forums.moneysavingexpert.com/showpost.php?p=67486061&postcount=165

Archi_Bald

2010 wrote: »

The difference is the so called OAPs are putting £10 BILLION into the government`s coffers.
The people who are buying houses with cheap money, and paying well over the odds for the property, are being subsidised by taxpayers.

I wish this silly battle between some members of different generations would stop. As a society, we have got to live with the fact that there are young and old people (it would be an eerie place to live in if it was any different). It may come as a surprise to some young ones that oldies were once young as well - - and some oldies should remember that they weren't always old.

It's a fact of life that you can't always have it all your own way.

ANGLICANPAT

NS&I website

"Our call centres are open 24/7 and we expect the Bonds to be on sale for months rather than weeks."

If only! OH and I came home at 2am last night and decided as we were still up and about it was a good opportunity to try the phone route whilst we had a nightcap. Eventually got through at 2.10am to be told that the office was closing in five minutes , so we may prefer to try tomorrow! We did leave the phone off for ten more minutes , listening to the music whilst we supped, but no joy so off to bed.
If 10% has been allocated in 2 days, would it be that surprising if funds run out after a couple of weeks? Even if only on sale a short time, when the 10bn has been allocated , it will probably mean that theres enough 'successful' pensioners that are happy with the Gvt initative to outweigh any 'disappointment votes' when elections come.

6022tivo

Site crashed for me a couple of nights ago when setting up an account.

No email, nothing.
Funds taken this morning.

As this was a new NS&I account, I have no reference to log in or check.

Does anyone know, or have received POST MAIL confirmation that all went through??

colsten

ANGLICANPAT wrote: »

Even if only on sale a short time, when the 10bn has been allocated , it will probably mean that theres enough 'successful' pensioners that are happy with the Gvt initative to outweigh any 'disappointment votes' when elections come.

God help us if people make their vote for the next 5 years of the country dependent on whether they get a few hundred pounds of interest. Whatever happened to people getting older and wiser?

2010

Archi_Bald wrote: »

I wish this silly battle between some members of different generations would stop.

I agree, but mgdavid, who made the original comment, seems to be of the "oap" (his phrase) generation himself, if as he says he bought £10k worth.

Post# 169

Mrs_Constant_Worry

Have invested 4k on three year term but like some got 'timed out' and bank says money 'pending'. So will wait and if nothing on Monday will do the call.

Now I am not a tax paper but OH is. Today our Post Office ISA's came back with interest rate drop. So I was thinking that tomorrow I may have to sit down and work out what we could tie up for 1 year. Because even with OH paying tax these are still better.

Because is there anything to stop you buying several bonds up to the stated limit? (Sorry if being a little slow other things on my mind.)

UPDATE:
Checked my bank just now - money out. So went into my NS & I - Bond listed. Sorted! That's good no Monday morning phone calls for this issue.

jeallen01

jeallen01 wrote: »

Took me a hour, and many many, attempts to log in from about 8am and make the 1st 3yr/4% investment - the process was so SLOOOOOOW, and crashed on many occasions, but I finally successfully finished the process around 9am.

2nd attempt for the 1yr/2.8% deal started at about 11.15am and the process was even worse, much longer and forever crashing and I was having to start all over again. The worst occasion was when I got to the debit card memorable name entry, because I entered the required letters it was THEN that it crashed out!

Finally succeeded at around 12.45 after many, many attempts - persistence paid off but I guess many would have given up long before I did!

And then I found out today that NS&I had made THREE £10k debits from my bank account :-(.


So, finally, found the 01253-840007 number on the site, called and immediately spoke to a young lady who took down all the details. Therefore, hopefully I will get a £10k refund reasonably quickly - but this should NEVER have happened :-(