fixed-rate bonds - 6.70 per cent the peak?

free4440273

exel1966 wrote: »

Have requested an application form three times now over the last month from Anglo Irish and am yet to receive one. Hopeless service !

...hopeless rates!:rolleyes:

Old_Slaphead

ManAtHome wrote: »

I can only see 6.55% for Saga 2 years (and I'm a wrinkly!)

On the website it says 6.55% gross 6.75%AER - presumably you get the full rate even on a monthly payout?? Best check with Saga just in case (as T C suggests) they've made a mistake

http://www.saga.co.uk/finance/spf/home_fixed_rates.asp

moneylover

A new 6.7% bond from Nationwide plus a branch based bond at 6.6%

1 and 2 YEAR FIXED RATE BONDS withdrawn and 1 YEAR FIXED RATE BONDS launched paying increased rates w.e.f. 31.8.07. 1 YEAR FIXED RATE BOND: a one year fixed term branch based account with a minimum investment of £1 paying 6.60% yearly (6.40% monthly). Earlier access on closure only subject to 90 day loss of interest. No additions permitted. 1 YEAR FIXED RATE E-BOND: a one year fixed term internet operated account with a minimum investment of £1 paying 6.70% yearly (6.50% monthly). Earlier access on closure only subject to 90 day loss of interest. No additions permitted. Nationwide FlexAccount must be held. 1 YEAR LOYALTY FIXED RATE BOND: a one year fixed term branch based account with a minimum investment of £1 paying 6.70% yearly (6.50% monthly). Earlier access on closure only on 90 day loss of interest. No further additions permitted. Available to existing members.

http://www.nationwide.co.uk/savings/rates.htm

ManAtHome

Old_Slaphead wrote: »

On the website it says 6.55% gross 6.75%AER - presumably you get the full rate even on a monthly payout?? Best check with Saga just in case (as T C suggests) they've made a mistake

Thanks - they pay same rate (6.55%) for annual and monthly, but you can't re-invest interest (the 6.75% is what you would get if you could.... no wonder us oldies get confussed). Pretty good if you need a monthy rate though.

Beate

My hubby is with Nationwide and has most of his savings in the e-Savings account which pays 5.8%. The 6.7% fixed Bond therefore looks very interesting, and it would take 4 interest rate rises within the next year to make him lose out, wouldn' it? The way I see it, all he has to do is click on "Activate e-Bond", shove some money into his FlexAccount and from there into the e-Bond, and be done for a year, right? Sounds almost too easy.

pazzazz

jw1096 wrote: »

The bonds can be opened in the branch so there wont be the delay that is being experienced with ISA transfers. With regards to ISA transfers however, you wont lose interest as they are backdated.

Jo x

Not losing interest because its backdated is fine in theory but if you have no access to your money then its not a great deal of help.
Funds received by N/wide in mid May - still not set up september is pathetic.

Despite the supposed benefits of being mutual the rates are generally rubbish but up to this point service hadn't been too bad and as such I was prepared to sacrifice a little on the rate. After this shambles (promised call backs from branch 2, promised call backs from isa transfer team 3 and a 'full response' to written complaint - actual call backs & 'full response' = 0) - don't think I'll be bothering in future.
'Proud to be Indifferent'

BWZN93

Beate wrote: »

My hubby is with Nationwide and has most of his savings in the e-Savings account which pays 5.8%. The 6.7% fixed Bond therefore looks very interesting, and it would take 4 interest rate rises within the next year to make him lose out, wouldn' it? The way I see it, all he has to do is click on "Activate e-Bond", shove some money into his FlexAccount and from there into the e-Bond, and be done for a year, right? Sounds almost too easy.

It is as easy as you say, there is the option to open it online so you wouldnt have to do anything other than click a few buttons and hey presto! If you are sure you wont need to access the money for a year then it could be a good idea!

Jo x

BWZN93

pazzazz wrote: »

Not losing interest because its backdated is fine in theory but if you have no access to your money then its not a great deal of help.
Funds received by N/wide in mid May - still not set up september is pathetic.

Despite the supposed benefits of being mutual the rates are generally rubbish but up to this point service hadn't been too bad and as such I was prepared to sacrifice a little on the rate. After this shambles (promised call backs from branch 2, promised call backs from isa transfer team 3 and a 'full response' to written complaint - actual call backs & 'full response' = 0) - don't think I'll be bothering in future.
'Proud to be Indifferent'

Im really sorry that has happened, if you want me to try and chase it up for you I could see what I could do? Ill PM you.

Jo x

bristolleedsfan

perhaps should say well done to nationwide for finally managing to have a savings product that is at least matches a top rate from a plc. :T

would be nice if from now on nationwide BS could at the very least have one savings product continually at the top of best buy tables ( or equal top with a plc :rotfl: )

free4440273

bristolleedsfan wrote: »

perhaps should say well done to nationwide for finally managing to have a savings product that is at least matches a top rate from a plc. :T

would be nice if from now on nationwide BS could at the very least have one savings product continually at the top of best buy tables ( or equal top with a plc :rotfl: )

and perhaps they could have the equivalent rate for a three year bond!