ICESAVE 6.7% bond

masonic

Stompa wrote: »

How safe are the IceSave bonds? Presumably you're covered by the £35k guarantee - but that would be across all IceSave accounts? And in the unlikely event it were to go pear-shaped you'd not be able to withdraw funds from the bond.

The £35k protection would apply to this account. Yes, the limit would cover all Landsbanki Islands hf accounts you have.

In the unlikely event of things going pear-shaped, do you fancy your chances of finding out in time to do anything? Remember, Landsbanki can prevent withdrawals from their accounts for up to 60 days if they run into liquidity problems, as per their T&Cs. It's probably best to stay within the compensation limit and not have to worry about the risk of losing any money, however slight it is.

moneylover

This would be a better one year bond

Nottingham BS
FIXED RATE INVESTMENT Issue 36 launched w.e.f. 18.10.07: a fixed term account maturing 1.12.08 with a minimum investment of £1K paying 6.83% yearly. No earlier access permitted. Further additions allowed whilst issue remains open.
source: e-moneyfacts

Stompa

masonic wrote: »

In the unlikely event of things going pear-shaped, do you fancy your chances of finding out in time to do anything?

No, probably not.

masonic wrote: »

It's probably best to stay within the compensation limit and not have to worry about the risk of losing any money, however slight it is.

True enough, though I wish they'd get a move on and up the limit!

Primrose

No, you don't have to have a current account with Nationwide to open a bond but you do have to have a savings account of some kind. We have an account with £120 in it, so were able to get the 6.7% loyalty rate. Anybody else will get 6.6% but when we opened ours a couple of days ago we were told that it would probably be closing very soon.,

david78

I have various Nationwide accounts but not the current account. I can't open the e-bond without opening the current account. They offer an equivalent fixed rate loyalty bond for existing members but this must be opened in a branch -- when I tried to open one I couldn't as my local branch didn't have any of the application forms! Worst still, you can't telephone a Nationwide branch directly to ask if they have any in stock, you have to go through a call centre -- and the last time I called them, they wouldn't put me through to the branch!