Ns&i

eskbanker

CottageDweller said:

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!

https://www.nsandi.com/why-save-with-us:

We're 100% secure

We're backed by HM Treasury. So all the money you invest with us is 100% secure. Always.

https://nsandi-corporate.com/:

When customers invest in NS&I products, they are lending to the Government, which goes towards the public purse. In return, the Government pays interest, or prizes for Premium Bonds. We offer 100% security on all deposits.

colsten

CottageDweller said:

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!

Have you tried the NS&I website? You'd soon find their written confirmation, for example in the Income Bonds brochure. I have reproduced one relevant snippet for you below. Note: if you feel the Treasury will default on your savings, a better use for your money is to build an underground bunker and equip it with guns and copious quantities of tinned food.

RG2015

CottageDweller said:

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!

https://www.nsandi.com/our-products

Gers

CottageDweller said:

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!

If you look at their website,it's all there.

coyrls

Gers said:

CottageDweller said:

RG2015 said:

There is no limit on the protection. However the limit for holding Income Bonds is £1 million.

Thanks for that. But, sorry to press the protection issue - where is this stated? NS&I are utterly impossible to engage with at the moment, so I'm unable to ask them!

If you look at their website,it's all there.

I'm not sure if the OP can't find the information on the Website or doesn't believe the information on the Website.

TonyM19

clonkel said:

I opened an account and found the following.
Debit card payments = 7 days which includes the day you paid it in before 18:30
Bank, faster payment = next working day
Withdrawals = 1 working day
If you don't need the money then debit card payments pay interest immediately whilst faster payments when they arrive.
Also your funds available always shows £500 less as that is the minimum required to keep the account open. It will show 0 with a £500 in the account and then if you withdraw it the account will close. This one foxed me for a while.

Trying to set up a transfer from my bank to NS&I.  Can't find a sort code anywhere in my account.  Anybody point me in the right direction?

If I just transfer the money from a debit card what sort of limits do the banks (NatWest in my case)have on how much you can transfer? 

Is one method 'better' than the other?

Cheers

Uxb1

Blinking heck - round and round and round we go on this forum
This is for Income bonds  https://www.nsandi.com/income-bonds
Scroll down and open the + expanding tab marked paying money in
It's different depending on what product you have.....

Socajam

Uxb1 said:

Blinking heck - round and round and round we go on this forum
This is for Income bonds  https://www.nsandi.com/income-bonds
Scroll down and open the + expanding tab marked paying money in
It's different depending on what product you have.....

I agree with you, people are too lazy to spend time on NS&I and read the information that is readily available

For the person asking about the debit transfer with Natwest Card - I used my card and transferred 5K and had no problem
For those complaining that NS&I is hard to get hold of, stop calling them first thing in the morning or after lunch.  You are not the only ones doing do.  Try calling after 5 pm.   Opening hours below

From NS&I - Coronavirus: our opening hours have been reduced and are currently 7am-10pm.   - that 15 hours

wizzards

Socajam said:

Uxb1 said:

Blinking heck - round and round and round we go on this forum
This is for Income bonds  https://www.nsandi.com/income-bonds
Scroll down and open the + expanding tab marked paying money in
It's different depending on what product you have.....

I agree with you, people are too lazy to spend time on NS&I and read the information that is readily available

For the person asking about the debit transfer with Natwest Card - I used my card and transferred 5K and had no problem
For those complaining that NS&I is hard to get hold of, stop calling them first thing in the morning or after lunch.  You are not the only ones doing do.  Try calling after 5 pm.   Opening hours below

From NS&I - Coronavirus: our opening hours have been reduced and are currently 7am-10pm.   - that 15 hours

I agree with you, people are too lazy to spend time on NS&I and read the information that is readily available.
For the person asking about the debit transfer with Natwest Card - I used my card and transferred 5K and had no problem.  Also there is no £85K limit for protection of funds like banks.  Unless you think the government is going to go bust its hardly a high risk investment.  In the current climate probably a sensible one but everyone to their own !!

Doshwaster

TonyM19 said:

clonkel said:

I opened an account and found the following.
Debit card payments = 7 days which includes the day you paid it in before 18:30
Bank, faster payment = next working day
Withdrawals = 1 working day
If you don't need the money then debit card payments pay interest immediately whilst faster payments when they arrive.
Also your funds available always shows £500 less as that is the minimum required to keep the account open. It will show 0 with a £500 in the account and then if you withdraw it the account will close. This one foxed me for a while.

Trying to set up a transfer from my bank to NS&I.  Can't find a sort code anywhere in my account.  Anybody point me in the right direction?

If I just transfer the money from a debit card what sort of limits do the banks (NatWest in my case)have on how much you can transfer? 

Is one method 'better' than the other?

Cheers

How to do a bank transfer:https://www.nsandi.com/can-i-buy-bank-transfer-or-regular-standing-order
Or you can do a debit card payment
The difference is that debit card transactions appear in your NS&I account quicker.  Not sure about transfer limits for either method but a BACS payment is more likely to have a limit.