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Maximising my money?
rathernot
Posts: 339 Forumite
Could so with a little feedback please folks.
I currently have £35k with Icesave at 6.2% and £6k in a Barclays Cash ISA (the six and whatever it was % one from April this year).
My current account typically has a few grand in it to cover "normal living" stuff.
I want my money to earn the best possible interest, and I want at least £15k to be accessible as quickly as possible i.e. within a day if I paid Icesave to do a CHAPS transfer in the event of some sort of emergency.
I was looking at the Anglo Irish 6.9% 1 year bond and NS&I Index Linked certs as somewhere to maybe stick £20k i.e. choose one of those not split it unless there's a sensible reason to do so?
Am I right in thinking that with NS&I if I close it within the first year I get noting, whilst with Anglo Irish I would be able to withdraw but suffer an interest penalty?
There's a clause in the T&Cs that says "4.1 Withdrawals are only allowed in the case of an emergency and if permitted by Us" which suggests they could simply say "no, tough"?
I know the whole point of a bond is they offer a good rate because you commit your money, guess I want to have my cake and eat it
TIA!
I currently have £35k with Icesave at 6.2% and £6k in a Barclays Cash ISA (the six and whatever it was % one from April this year).
My current account typically has a few grand in it to cover "normal living" stuff.
I want my money to earn the best possible interest, and I want at least £15k to be accessible as quickly as possible i.e. within a day if I paid Icesave to do a CHAPS transfer in the event of some sort of emergency.
I was looking at the Anglo Irish 6.9% 1 year bond and NS&I Index Linked certs as somewhere to maybe stick £20k i.e. choose one of those not split it unless there's a sensible reason to do so?
Am I right in thinking that with NS&I if I close it within the first year I get noting, whilst with Anglo Irish I would be able to withdraw but suffer an interest penalty?
There's a clause in the T&Cs that says "4.1 Withdrawals are only allowed in the case of an emergency and if permitted by Us" which suggests they could simply say "no, tough"?
I know the whole point of a bond is they offer a good rate because you commit your money, guess I want to have my cake and eat it
TIA!
0
Comments
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Does anyone have any experience with the Norwich and Peterborough?
They appear to do a six month bond with a good APR and access allowed with interest penalty.0
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