NS&I Income Bonds

colsten

RG2015 said:

colsten said:

allison445 said:

Just opened an account a few minutes ago and the deposit is showing in my pending transactions moving my money from the nationwide loyalty saver
stupid question but is there a maximum amount you can send via debit card ? 

The minimum you can deposit, with any method, is £500, at any time.

@allison445 was asking about the maximum amount not the minimum amount.

DOH! I blame the heat ☀️☀️☀️

RG2015

colsten said:

RG2015 said:

colsten said:

allison445 said:

Just opened an account a few minutes ago and the deposit is showing in my pending transactions moving my money from the nationwide loyalty saver
stupid question but is there a maximum amount you can send via debit card ? 

The minimum you can deposit, with any method, is £500, at any time.

@allison445 was asking about the maximum amount not the minimum amount.

DOH! I blame the heat ☀️

Good question though.

bowlhead99

RG2015 said:

colsten said:

allison445 said:

Just opened an account a few minutes ago and the deposit is showing in my pending transactions moving my money from the nationwide loyalty saver
stupid question but is there a maximum amount you can send via debit card ? 

The minimum you can deposit, with any method, is £500, at any time.

@allison445 was asking about the maximum amount not the minimum amount.

NS&I don't set a maximum as far as I know, which is why they publish only a minimum on their account terms summary box. It is up to your bank whether they will let you do an online debit card transaction for £5k, £50k, £500k etc.

coachman12

NS&I had techno problems for 3 or 4 days and are currently clearing a backlog of monies paid in via bank accounts. I transferred £30,000 last Thursday to NS&I and it is still not showing in my NS&I Account dashboard. I'm not in the least bothered, especially when I see whingers who forget that a pandemic is causing chaos in so many places ( and it is understandable that phone calls take ages given what is happening out there in the real world , rather than those sitting at home ). I'm just glad to see former sceptics rushing to NS&I when they rubbished it the last time I remember recommending it. 

colsten

coachman12 said:

I'm just glad to see former sceptics rushing to NS&I when they rubbished it the last time I remember recommending it. 

Pulling you up over claiming in the past couple of weeks that the NS&I Income Bonds would pay 1.6% AER does not make anyone an NS&I sceptic.

Stubod

..I had this "problem" when I opened one recently, but they did confirm that interest is paid from when you make the deposit even if the money does not show. (I did think it may be due to a period of "high demand, as although they said between 20th and 5th it did appear sooner than that.

coachman12

colsten said:

coachman12 said:

I'm just glad to see former sceptics rushing to NS&I when they rubbished it the last time I remember recommending it. 

Pulling you up over claiming in the past couple of weeks that the NS&I Income Bonds would pay 1.6% AER does not make anyone an NS&I sceptic.

I have been praising NS&I for some weeks and been rubbished by posters like you, who must now eat humble pie-----sorry to pull you up there.
And I take the opportunity to pull you up on the 1.6% figure you refer to. I have been quoting 1.16% many dozens of times over the time since it became the best deal. But, on one occasion about a week ago, I made a typo and indeed referred to 1.6% accidentally ( as we all do occasionally).
So I immediately followed it up within a few hours with the following which is a direct quote of my post dated 21 May at 1.29pm :  
"" Correct gents...............I have confused my recent easy access NS&I purchase with older Bonds that I have which range from 1.6 to 2.5%, I have quite a few of them. My recent easy access moves from RCI and Marcus have all been at the rate of 1.16%. """
Such a one-off simple typo , out of dozens with no typo's I have made about the 1.16 easy access bond over past weeks, is surely not worthy of anyone to make a nasty "out-of-context" post about now, especially for no reason but to attack me simply because I was an early fan of  NS&I generally ( and the best easy access account specifically) and being criticised by people like you then------when everyone is now flocking to NS&I.  To pull you up, all this says much more about you than it does about one simple typo that I quickly corrected within hours of its posting it a week ago.

coachman12

The big question now is , I think, is how long can NS&I hang on to their position with 1.16%. There are the small BSs of course but , among the real trend -setters, only Marcus and RCI have shown any highly competitive spirit in 2019 and first quarter of 2020. Can anyone foresee a new frontrunner emerging in the next few months and if so who are the favourites? Perhaps a foreign Bank anxious to take advantage to breaking into the UK ( much as RCI did ) ?
I am OK for a while with fixed price longer term savings interest rates for a number of accounts but it is the easy access savings account that so many people are looking at with curiosity. I am certainly waiting with great interest too for the BoE meetings in June, especially the "biggy" in mid-June.

buffman

A fortnight ago, I made a test deposit using faster payments into my Income Bonds. It turned up two days later (though dated the following day) on my online account (i.e. one loses a days interest - not much at these low rates). The following week I made a larger paymnet into my account by debit card. It showed up and was dated immediately. On speaking to NS & I, I was told that for inward faster payments the money goes via their clearing bank. The transaction is dated when the clearing bank (I am sure he said Merchant Taylors) passes on the money to NS & I.

[Deleted User]

I applied for a Income Bonds on 23rd May. Amount debited from by bank account on 26th. Still in pending status on NS&I as at 28th. Can I make a transfer via bank transfer now, or do I have to wait until pending transaction is completed.