NS&I Income Bonds

colsten

I have been praising NS&I for some weeks and been rubbished by posters like you, who must now eat humble pie-----

Just to be clear: I “must” do nothing, and I have not seen anyone rubbishing you. 

Time to use the ignore function, methinks.

colsten

starwood said:

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.

I can’t see any reason why you couldn’t deposit more now. Other than that it must be at least £500.

MACKEM99

Dont know how to start a thread so will post here.  PO savings rate changing email says:

Whilst you've been saving with us, your account has been earning an introductory bonus of 1.19% gross^. This bonus comes to an end on 01/01/1900.

Queen Victoria will not be amused. 

colsten

MACKEM99 said:

Dont know how to start a thread 

Big red button top left.

coachman12

colsten said:

I have been praising NS&I for some weeks and been rubbished by posters like you, who must now eat humble pie-----

Just to be clear: I “must” do nothing, and I have not seen anyone rubbishing you. 

Time to use the ignore function, methinks.

Thank you...........

Swipe

starwood said:

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.

Did you pay via bank transfer or debit card? Debit card is pretty fast.

eskbanker

Swipe said:

starwood said:

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.

Did you pay via bank transfer or debit card? Debit card is pretty fast.

Reassuring to know that debit card deposits are pretty fast, but this simply makes it all the more puzzling that they include the previously-mentioned proviso in their terms that these might take a week and a half!

Debit card and cheque deposits will clear no later than the seventh banking day after being received

Alter_ego

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 ? 

I think it's £10k

ColdIron

Well I transferred £50,000 to NS&I PBs two days ago with a VISA debit card

inspectorperez

This is an interesting thread for me as I have often struggled to understand the online workings of the NS&I online platform. Clearly they do not operate on the faster payments system, and there is always in my experience a delay in lodgements however made appearing in your account. It is certainly not a realtime system and I have visions of clerical staff physically analysing the days receipts, creating a posting file and then updating the system probably over a 3 to 4 working day cycle. It's not the end of the world but in my mind it portrays a creaking out of date operating system which I just hope is more robust than some other well known computer platforms that have succumbed to hacker and ransomware attacks lately.

Never thought I would be looking more and more at NS&I income bonds as a safe haven producing a competitive (by today's abysmal standards) return on surplus cash.