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Ns&i
Comments
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Sometimes, unfortunately, it's like giving a monkey a watch.
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kUrGaN_UK said:Just adding my recent experience of both these accounts. Initial opening Funds transfer took at least a week to show as 'available funds' in both accounts, which was slightly worrying.Stompa0
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Stompa said:kUrGaN_UK said:Just adding my recent experience of both these accounts. Initial opening Funds transfer took at least a week to show as 'available funds' in both accounts, which was slightly worrying.
EDIT: I just remembered that it can taken even longer than 7 banking days.....
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colsten said:You don't need to worry about any £85k limit as NS&I is backed by the Treasury and has therefore unlimited guarantee.
The deposit limit for NS&I Income Bonds is £1m. You can have more than one of these accounts if one isn't enough.
"You can open as many Income Bonds accounts as you like, but there is a holding limit (see ‘How much you can deposit’)."
"Each person can hold up to £1 million in Income Bonds accounts."
"If the total balance of your Income Bonds accounts reaches your personal holding limit, you can’t deposit more money into Income Bonds. If you try to make a deposit which would take you over the limit, we’ll return the whole deposit to you."
https://www.nsandi.com/files/asset/pdf/income-bonds-brochure.pdf
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I have a Direct Saver account and would now like to open an Income Bond account. Will NSI allow me to have the monthly interest paid into my Direct Saver account or does the interest have to be paid into an external account?0
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MPN said:I have a Direct Saver account and would now like to open an Income Bond account. Will NSI allow me to have the monthly interest paid into my Direct Saver account or does the interest have to be paid into an external account?
You can also change your nominated account at a future date.1 -
colsten said:Stompa said:kUrGaN_UK said:Just adding my recent experience of both these accounts. Initial opening Funds transfer took at least a week to show as 'available funds' in both accounts, which was slightly worrying.
EDIT: I just remembered that it can taken even longer than 7 banking days.....0 -
swaledale_one said:Omg I'm assuming premium bonds have a similar timeline then aww well I'll have to wait longer before I can get the money back out.1
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colsten said:swaledale_one said:Omg I'm assuming premium bonds have a similar timeline then aww well I'll have to wait longer before I can get the money back out.0
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