The Top Fixed Interest Savings Discussion Area

alternate

yup, it is so they have an idea how many deposits they are talking.  It is why popular issues are often withdrawn to new customers long before all the applicants have actually funded the accounts.  They will have a target and don't want to go too far over it.  If too many people end up paying in less, or none at all, of the amount they said they would - they can always make the account available again.

duckson

Rheumatoid said:

barryd999 said:

All the 4.5% 1yr fixed seem to have gone, all the links on moneysaving expert 1yr savings have either expired, full or only open to existing customers.

You snooze you lose I guess.  In the end I just opened up a 1yr fixed with Investec at 4.37 as I already have an account with them.

just opened a Ford 1yr at 4.45 in case that goes. 21 days to fund with best rate guarantee seems a no brainer at the moment

Do you get access to the account right away to login and fund or do you have to wait for paperwork via snail mail?

Rheumatoid

duckson said:

Rheumatoid said:

barryd999 said:

All the 4.5% 1yr fixed seem to have gone, all the links on moneysaving expert 1yr savings have either expired, full or only open to existing customers.

You snooze you lose I guess.  In the end I just opened up a 1yr fixed with Investec at 4.37 as I already have an account with them.

just opened a Ford 1yr at 4.45 in case that goes. 21 days to fund with best rate guarantee seems a no brainer at the moment

Do you get access to the account right away to login and fund or do you have to wait for paperwork via snail mail?

Immediate but I already had a savings account

Patr100

jak22 said:

On the Key Features sheet Charter say "Once the Account is opened, and provided the product has not been closed to new deposits, you have a limited period in which you can make deposits into the Account. This is up to 14 days, beginning on the day you apply for your Fixed Rate Bond, after which you will be unable to make any other deposits into your Account." so it will be interesting to see how this is applied now its been withdrawn except for existing customers.

Well I funded it with the initial required 5k late yesterday - after it was withdrawn and got a confirmation email this morning.
Not bad for a Fri eve /Sat morning  transfer. So assume my 14 day period to add funds is still open.

Patr100

alternate said:

yup, it is so they have an idea how many deposits they are talking.  It is why popular issues are often withdrawn to new customers long before all the applicants have actually funded the accounts.  They will have a target and don't want to go too far over it.  If too many people end up paying in less, or none at all, of the amount they said they would - they can always make the account available again.

But there's no harm it seems, in putting in a lower figure (eg the minimum amount to open), then topping up to your max according to the Ts & Cs of the account.

janusdesign

anyone heard of The Access Bank / Sensible Savings ? they're a new one on me, but were mentioned in the Savings Champion email - though not listed on Moneyfacts (FSCS protected).

they have a 3 fixed-rate accounts (£5k - £500k - single/joint applications)...

• 1 Year Fixed Rate Savings Bond - 4.50%
• 2 Year Fixed Rate Savings Bond - 4.75%
• 3 Year Fixed Rate Savings Bond - 4.86%

one deposit only per bond, by FP, CHAPS or cheque... interest is compounded and paid at maturity.

There is no online access to your bond however 2 & 3 year bond holders will receive an annual statement.

alternate

Patr100 said:

alternate said:

yup, it is so they have an idea how many deposits they are talking.  It is why popular issues are often withdrawn to new customers long before all the applicants have actually funded the accounts.  They will have a target and don't want to go too far over it.  If too many people end up paying in less, or none at all, of the amount they said they would - they can always make the account available again.

But there's no harm it seems, in putting in a lower figure (eg the minimum amount to open), then topping up to your max according to the Ts & Cs of the account.

no, none of it is binding.

Band7

janusdesign said:

anyone heard of The Access Bank / Sensible Savings ? they're a new one on me, but were mentioned in the Savings Champion email - though not listed on Moneyfacts (FSCS protected).

they have a 3 fixed-rate accounts (£5k - £500k - single/joint applications)...

• 1 Year Fixed Rate Savings Bond - 4.50%
• 2 Year Fixed Rate Savings Bond - 4.75%
• 3 Year Fixed Rate Savings Bond - 4.86%

one deposit only per bond, by FP, CHAPS or cheque... interest is compounded and paid at maturity.

There is no online access to your bond however 2 & 3 year bond holders will receive an annual statement.

A new one on me too. They are one of several Nigerian banks operating in the UK. They are FCA registered and their savings accounts have FSCS protection, so any deposits with them are as safe as in any other FSCS protected accounts. I don't like that there is no online access but this is a minor inconvenience for fixed term accounts and I would happily deposit money with them if their rates were market leaders.

Millyonare

Looks like multiyear saver rates are now sliding faster than the UK pound. Very little left at 5% today.

Troytempest

Yes, just taken 4.6% for 2 years with Aldermore - very easy bank to deal with.