Well Done Derby Bilding Society

bristolleedsfan

free4440273 wrote: »

super rate! but STILL no mention anywhere from any BS on two/three year bonds. PLEASE: does anyone know of a BS that is paying 5.10 NET on a monthly-interest fixed rate bond for two/three years.:(

heritage bank :j :j :j :j :j :j :j :j :j :j :j


http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rate-savings-accounts.aspx

YorkshireBoy

bristolleedsfan wrote: »

we getting nearer 7% :rotfl:

Are we about to see a 'bond war'?

I mean, if the banks won't lend to each other (in the current climate), and the BOE won't reduce the rate they lend to the banks (sort your own mess out!), then the banks need to raise money from somewhere...don't they?

ManAtHome

Well, the greedy !!!!!! banks (led by Barclays) seem to be keeping their repo rates high whist having a go at the BoE for not dropping their "last resort" rate (to paraphase Barclays Diamond (geezer? insert your own term here) "why don't BoE, ultimately taxpayers/little people lend us cheap money so's we can flog it on at higher rates - we're risking my multi-mill bonus here you know".

(un)fortunately (and surprisingly) Merv seems to be giving them the finger, so SHOCK HORROR they're having to offer decent "little people" rates.

bristolleedsfan

YorkshireBoy wrote: »

Are we about to see a 'bond war'?

one thing for sure nationwide didnt stay equal top for long. :rotfl:

efunc

I watched that chan4 peice today with interest (sic!).:p

so anyway, is this

http://www.westbrom.co.uk/westbrom/savings.product?id=3294&category=1

west brom Bond typical? I'm new toi these kind of accounts. I'm struck by "No withdrawals or additional investment allowed. Strictly limited offer - investments accepted on a first come first served basis. "

So you can only make one deposit when you open the account, and then it's fixed for the year?

bristolleedsfan

efunc wrote: »

I watched that chan4 peice today with interest (sic!).:p

so anyway, is this

http://www.westbrom.co.uk/westbrom/savings.product?id=3294&category=1

west brom Bond typical? I'm new toi these kind of accounts. I'm struck by "No withdrawals or additional investment allowed. Strictly limited offer - investments accepted on a first come first served basis. "

So you can only make one deposit when you open the account, and then it's fixed for the year?

yip, although u can usually open additional bonds while the bond is still available.

RayWolfe

LittleVoice wrote: »

Sorry, RayWolfe, but how does 6.58% "pip" 6.85%?

The excitement transferred to my typing finger! ;-)
6.86% as you now know.

free4440273

only last friday Scarborough BS were offering 5.10 net monthly interest on a three year fixed-rate bond. just logged on and they have dropped the rate to 4.84 net

Milarky

Is there some reason why rates like '..86%' are offered? I understand them going 0.01% higher than the competition but historically the Bank of England rate used to be pitched half way between the '.00'., '.25', '.50', '0.75' bands that it had lately inhabited i.e it would go '6.13', '6.38', '6.62' and '6.88'

http://213.225.136.206/mfsd/iadb/Repo.asp?Travel=NIxIRx

(up until 1997)

Old_Slaphead

Only conceivable reason is so they can appear in the weekend press's best buy tables