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Secure Trust Bank 2.2% 8 July 2018

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Secure Trust Bank's new 2 year fixed rate bond paying 2.2% may be a way to protect some cash against falling interest rates.
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  • alternate
    alternate Posts: 715 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    never heard of them

    anyone ever dealt with them?
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    I've had several fixed rate bonds with Secure Trust Bank over the years and am happy with the service received and would recommend.

    Secure Trust Bank is covered by the Financial Services Compensation Scheme: https://www.securetrustbank.com/fscs
    Never let the perfume of the premium overpower the odour of the risk
  • wearside_2
    wearside_2 Posts: 1,508 Forumite
    Cashback Cashier
    My 5 year Bond with Newcastle Building Society matrues tomorrow. 5 years of 4.2% interest now I am thrilled to get 2.2% for a couple of years. How times have changed.
    To Dare is To Do:beer:
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    wearside wrote: »
    My 5 year Bond with Newcastle Building Society matrues tomorrow.

    Same here
    5 years of 4.2% interest now I am thrilled to get 2.2% for a couple of years. How times have changed.

    Latest 5 year bond offering from Newcastle Building Society is only 2% ;)
    Never let the perfume of the premium overpower the odour of the risk
  • jimjames
    jimjames Posts: 18,665 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    wearside wrote: »
    My 5 year Bond with Newcastle Building Society matrues tomorrow. 5 years of 4.2% interest now I am thrilled to get 2.2% for a couple of years. How times have changed.

    I assume you've already filled the 5% and 3% accounts?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • wearside_2
    wearside_2 Posts: 1,508 Forumite
    Cashback Cashier
    edited 11 July 2016 at 10:47AM
    Yes we have 7 Regular Saving Accounts, 5 TSB Accounts, Santander 123 Account, 2 BOS Accounts. As the Newcastle have not transferred the money to our account as arranged I am now going to give them grief!:mad:Having given them grief, I was informed that as they are a Building Society the funds take two days to transfer, so we will get them tomorrow.
    To Dare is To Do:beer:
  • wearside_2
    wearside_2 Posts: 1,508 Forumite
    Cashback Cashier
    Having received my money from the Newcastle, I now find that the 2.2% Bond has bee withdrawn:mad::mad::mad::mad:
    To Dare is To Do:beer:
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    edited 12 July 2016 at 3:02PM
    wearside wrote: »
    Having received my money from the Newcastle, I now find that the 2.2% Bond has bee withdrawn:mad::mad::mad::mad:

    I applied for the 2 yr STB offering on Friday 8th July and sent them a cheque as knew the NBS money would be landing in my account soon (funds landed in my linked account today).

    STB 2.2% must have been pulled today as it was still on offer yesterday:
    http://moneyfacts.co.uk/savings/fixed-rate-bonds/
    Never let the perfume of the premium overpower the odour of the risk
  • Mee
    Mee Posts: 1,481 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Hi
    I applied for the 2 yr fixed rate bond over the weekend, got the online paperwork but have not received an email confirming the account details. Isn't the email instant?

    Thanks
    Free thinker.:cool:
  • Mee wrote: »
    Hi
    I applied for the 2 yr fixed rate bond over the weekend, got the online paperwork but have not received an email confirming the account details. Isn't the email instant?

    I did the same - applied online on sunday evening.
    I didn't get an email so I called them up today and they said the account was opened and the paperwork on its way.
    I got the account number from them so all looks OK as long as I pay in by 8th August.

    I did get a bit worried when I saw the link was broken but they must have been oversubscribed on the bond.
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