Stroud And Swindon 7.05% Bond

Thomas_Crown

Thomas_Crown wrote: »

I applied online, iirc on Thursday. I gave all my details including driving licence number & stated the amount that I wished to invest. I couldn't find my passport at the time but it was safely locked away.

I printed off the application & posted it together with a cheque on Friday afternoon using the Freepost address given on the website.

I wonder where I stand now? Will they count my online application as valid or will they return my cheque because the bond is now fully subscribed?

I phoned Stroud & Swindon today & I was told that because I applied online before the bond was closed I should be O.K for getting the Issue 57 Bond @
7.05%.

They have been absolutely snowed under with applications & there is a large back log for them to wade through. I was told to expect an acknowledgement within the next few days.

So,it's fingers crossed that what I was told is true & that I don't have to settle for the Issue 58 Bond @ 6.95%.

johnydeath

I hesitated - I missed out, I've gone for the Standard Life 6 month @ 7%

http://uk.standardlifebank.com/content/savings/personal/bonds_key.html

I'm out of pocket by a max of £25 over the term

arjar

Old_Slaphead wrote: »

I don't think this offer will be available for very long so it may become 'closed' before you get chance to topup

I opened a 1 year fix on Friday. The lady in the branch said that at the current rate of investment it might be fully subscribed this week. I assume they'll be a beneficiary of the NR panic.

caliston

The 7% for 6 months Standard Life bond closed at about 16:10 today. They have a new one on the same conditions but at 6.75%

(I rang at 16:30, drat)

alared

I`m going into Nationwide today

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6.70% will do me.
USA to cut their rates today,only a matter of time before the BoE follow and then you`ll be lucky to 6.25% for a year.

bristolleedsfan

alared wrote: »

I`m going into Nationwide today

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6.70% will do me.
USA to cut their rates today,only a matter of time before the BoE follow and then you`ll be lucky to 6.25% for a year.

i have same feeling as well, will be only way to minimise house price "corrections" :cool:

Old_Slaphead

mary wrote: »

I was told in the branch that cheques will take about 8 days to clear, as they have to go first through Stroud & Swindon clearing bank and then yours, as they are only a building society. My money was not cleared in my own bank account, that's why I double checked.

I assume that refers to when you want to withdraw from a cheque deposit...8 days is what it says in their literature.

My experience re. new 7.05% account - account opened by S&S 13/9 (Thurs) chq cleared 18/9 (Tues) ie the 'normal' 3 working days.

mary

Yes, what they told me is not what happened. Checked on line today.
Paid money in branch on Friday, cleared from my bank account today Tuesday. (3 days)

Speculator

My account was opened on Friday and the cheque amount was debited from my current a/c today.

alared

Set up my Nationwide bond today and was told the interest will be back dated to today when the cheque clears.