The Top Fixed Interest Savings Discussion Area

RG2015

Opened a Ford Money 1 year fixed saver a week ago at 4.30% but was holding off funding it in the hope of an increase.

Just had an email to say it has been increased to 4.45%.

JGal

intalex said:

intalex said:

hallmark said:

Coventry have withdrawn all their Fixed-rate ISAs.  Going by their usual pattern they'll release a new bunch this week. They're usually pretty competetive.

If you had already opened but not yet funded Coventry's fixed rate (non-ISA) bonds, I've been informed by their live chat team that the window to deposit is until 11th November, i.e. not the usual 14 calendar days. That should cover the next BoE announcement, aftermath, and some more, before needing to make a decision...

Gentle reminder for anyone who still has this "option" that d-day is tomorrow. I'm looking to take up the 3-year option at 4.85% AER as the funds are already in a limited access saver with them and everything else in place to make the internal transfer.

Just trying to work out if I can wait until tomorrow to make the internal transfer, or whether their internal transfers also require making the request a day earlier (as they do for external withdrawals) - would be grateful for this answer if anyone has done this!

Edit: Got someone helpful on their live chat who confirmed internal transfers are instantaneous. Also asked if they have info on new releases - none so far, but they do get notice 24hours ahead, so will check again tomorrow (if anything in the pipeline for Monday release) and then execute the transfer thereafter if no better option.

Think I'm going to let my Coventry 1 year fixed go unused and use the JN I have which is a higher rate. 

caring

Charter bank and RCI are both authorised by the same Financial Regulation Authority which is Prudential. So, then what is the wisdom of opening both , exceeding 85k in both (flat sell) since they both come under Prudential?  Or would it be mad to put it all in RCI as interest rate is a bit higher but may be riskier as RCI is a private bank financing car credit if there is a deep recession?

Ocelot

caring said:

Charter bank and RCI are both authorised by the same Financial Regulation Authority which is Prudential. So, then what is the wisdom of opening both , exceeding 85k in both (flat sell) since they both come under Prudential?  Or would it be mad to put it all in RCI as interest rate is a bit higher but may be riskier as RCI is a private bank financing car credit if there is a deep recession?

Are you sure you aren't confusing the Prudential Regulation Authority with the company Prudential?

refluxer

RG2015 said:

Opened a Ford Money 1 year fixed saver a week ago at 4.30% but was holding off funding it in the hope of an increase.

Just had an email to say it has been increased to 4.45%.

That's their 'Best Rate Guarantee' kicking in, presumably. I don't think there are many other banks who offer anything similar ?

Krakkkers

Just checked charter out as i have an account and it holds its own license?

Patr100

Authenticate your Nominated Account
Your Nominated Account must be authenticated before it can be used for withdrawals.
If you've received your Authentication Code in the post, please authenticate your Nominated Account.

Just tried to send a £1 test payment to Charter - suspect it will be rejected but will wait and see.

However looks like  we also have to wait for the post to "authenticate" the nominated account, though we won't  be able to withdraw, apart from monthly interest - seems strange we have to go  through more hoops when we are already invited to deposit from the same nominated account?

happybagger

Ocelot said:

caring said:

Charter bank and RCI are both authorised by the same Financial Regulation Authority which is Prudential. So, then what is the wisdom of opening both , exceeding 85k in both (flat sell) since they both come under Prudential?  Or would it be mad to put it all in RCI as interest rate is a bit higher but may be riskier as RCI is a private bank financing car credit if there is a deep recession?

Are you sure you aren't confusing the Prudential Regulation Authority with the company Prudential?

This.

Charter and RCI each have their own FSCS cover limit of £85k

happybagger

Ted_E_Bear said:

How long does it take get your User ID email from Charter Savings?

Just applied for the bond at CSB and the email with the user ID has a timestamp 12 minutes later

SJMALBA

Patr100 said:

Authenticate your Nominated Account
Your Nominated Account must be authenticated before it can be used for withdrawals.
If you've received your Authentication Code in the post, please authenticate your Nominated Account.

Just tried to send a £1 test payment to Charter - suspect it will be rejected but will wait and see.

However looks like  we also have to wait for the post to "authenticate" the nominated account, though we won't  be able to withdraw, apart from monthly interest - seems strange we have to go  through more hoops when we are already invited to deposit from the same nominated account?

When I did a £1 test with Charter, it was rejected, and an email sent informing you of such, which confirms the details are correct, so you can then proceed with the 'proper' deposit (this was last year, so things may have changed? but I'm guessing not...).