Wyelands Bank

buffman

FatherAbraham wrote: »

The important problems with financial institutions occur when depositors want their money back, not when opening accounts or calling the customer-service help desk.

Indeed. That is why it is imperative to only put money with financial institutions covered by the Financial Services Compensation Scheme and not to go above the £85,000 (or £170,000 for joint accounts) protection limit.

Patr100

Question about their fixed rate savings eg one year =they say

You can choose to have your interest paid monthly or at maturity.

Obviously withdrawals are not permitted but if interest is calculated daily, if you close the account early before the fixed term do you lose all the interest paid at that point?

eskbanker

Patr100 wrote: »

Question about their fixed rate savings eg one year =they say

You can choose to have your interest paid monthly or at maturity.

Obviously withdrawals are not permitted but if interest is calculated daily, if you close the account early before the fixed term do you lose all the interest paid at that point?

It looks to me like the issue is moot, in that you can't close it early, unless you're seeing something that suggests you can?