Three year fixed 1.05 - Oxbury Bank

veryintrigued

Not one for me and certainly not recommending but heres the info I've just received.

Looks like it would be close to the top of any non Sharia table.

https://www.oxbury.com/product-summary-personal-3-year-bond-bap001

happybagger

For those that might skip over all the details in a rapid read, a phone app will be required.

SallySunshine

I posted this thread last week, checked it out. Opened a 3yr fixed rate account no problem.
minimum deposit is £1000 for either available account.
yes they do ask you to download their app, but it really is only for extra security.
The iPhone I have is not suitable, rang them up and was told it wasn’t really that necessary. I do all my banking on my Mac.
at the moment they do not have joint accounts, so opened another for my husband.

veryintrigued

SallySunshine said:

I posted this thread last week, checked it out. Opened a 3yr fixed rate account no problem.
minimum deposit is £1000 for either available account.
yes they do ask you to download their app, but it really is only for extra security.
The iPhone I have is not suitable, rang them up and was told it wasn’t really that necessary. I do all my banking on my Mac.
at the moment they do not have joint accounts, so opened another for my husband.

So you did.

Apologies I missed this thread.

Pasted below

https://forums.moneysavingexpert.com/discussion/6238606/oxbury-bank#latest

wiseonesomeofthetime

These really are sad times when a three year fix is considered attractive by some for returns of just 1.05%

That said, at the moment, I cannot see any rapid return within the next two years to rates much above this mark!

lozzy1965

wiseonesomeofthetime said:

These really are sad times when a three year fix is considered attractive by some for returns of just 1.05%

That said, at the moment, I cannot see any rapid return within the next two years to rates much above this mark!

Not intending to hijack the thread and go off subject here but the important figure is the return rate in relation to inflation.  A high return is not necessarily better if inflation is even higher.  We're currently around 0.5% after a quick google.

SallySunshine

Trying to hedge my bets really, have a 3yr NS&I bonk finishing in early April, then NS&I Certificate 5yr inflation one finishing in July.  
Who knows what, if anything, will be in their pipeline by then. Government bonds similar to War Bonds?

veryintrigued

SallySunshine said:

.... a 3yr bonk finishing in early April...

You'll definitely be ready for a rest after that!!

SallySunshine

Thats made my day !!!!!!!

Notnewnotold

veryintrigued said:

SallySunshine said:

.... a 3yr bonk finishing in early April...

You'll definitely be ready for a rest after that!!

Well people have been commenting recently about how long NS&I take to get the job done...

SallySunshine

I'll never live this down, still chuckling about it!
That'll teach me to read thoroughly through anything I type before posting.