Where to put money from sale of flat, that's not part of dmp..

eskbanker

another_casualty wrote: »

There was me thinking lloyds/ Halifax / tsb/ were part of rbs group.

Bank of Scotland is part of Lloyds Banking Group alongside Lloyds and Halifax (TSB was previously in this too) but Royal Bank of Scotland is a separate entity....

Kernel_Sanders

enthusiasticsaver wrote: »

National savings income bonds. Instant access. 1% interest monthly and totally safe

That's exceptionally generous!

As a warning to anybody looking for higher returns for their capital outside of mainstream savings, any organization that offers you 1% each month and claims to be totally safe is out to con you. In this case however, the author means 1% p.a., paid monthly.

agrinnall

another_casualty wrote: »

My ( unused) nationwide chequebook , is in storage from the move.
Needle in haystack etc.
Thanks

Don't worry about it, mt99 misunderstands the Faster Payment limits at Nationwide, their single transaction limit is indeed £10K but you can make multiple payments in one day. I'm not sure what the daily limit is but I suspect it is at least £100K as I transferred over £58K in one day myself from Nationwide to NS&I. I'm pretty sure you could transfer your £200K in no more than 2 days, which is a hell of a lot quicker than posting a cheque and waiting for it to clear.

YorkshireBoy

agrinnall wrote: »

I'm pretty sure you could transfer your £200K in no more than 2 days, which is a hell of a lot quicker than posting a cheque and waiting for it to clear.

According to the product T&Cs, interest starts to accrue on the day they receive the cheque and form, not when the cheque clears...

https://www.nsandi.com/files/published_files/asset/pdf/income-bonds-brochure.pdf (see condition 46)