Coventry BS Loyalty Bond

Olinda99

It's not the year it's paid but the year you are allowed to access it - ie when it is made available to you

NS&I green bond - correct, you cannot access the interest until year 3 so all interest is taxed in year 3.

Olinda99

happybagger said:

I just laughed my moobs off.

Newbury BS are "celebrating their 165th anniversary" with the launch of a 3 Year fixed rate bond. Min balance £10,000.

Wait

for

it

...


1.65% fixed 

Might be interested when they have their 750th anniversary...

Notepad_Phil

Olinda99 said:

It's not the year it's paid but the year you are allowed to access it - ie when it is made available to you

...

I'm not sure whether you're also suggesting that this Coventry account will have all of the interest potentially taxable in the maturity year - but if you are then it's the option of being allowed to take interest out (monthly or annually) that matters, not whether you have chosen to do it. The green bond doesn't give you the option, hence why all the interest is potentially taxable in the maturity year.

diystarter7

So much so for "loyalty" LOL.
We have online saver two I think its called had it for about 18 months plus will get 1.5% AER can withdraw several times at anytime.

Olinda99

Notepad_Phil said:

Olinda99 said:

It's not the year it's paid but the year you are allowed to access it - ie when it is made available to you

...

I'm not sure whether you're also suggesting that this Coventry account will have all of the interest potentially taxable in the maturity year - but if you are then it's the option of being allowed to take interest out (monthly or annually) that matters, not whether you have chosen to do it. The green bond doesn't give you the option, hence why all the interest is potentially taxable in the maturity year.

yes, exactly this.