The Top Fixed Interest Savings Discussion Area

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janusdesign said:

Re: Kent Reliance... where it says "Additional deposits are not permitted.", does that mean that after you've made your initial deposit of (1k+), you can't add more to the account e.g it's a one-time only deposit ?

You have 7 days to add more money...Zopa 14 days to add more money.

Consumerist

janusdesign said:

Re: Kent Reliance... where it says "Additional deposits are not permitted.", does that mean that after you've made your initial deposit of (1k+), you can't add more to the account e.g it's a one-time only deposit ?

It's usual to allow up to 14 days to make deposits. Check the Ts&Cs.

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Thumbs_Up said:

Interesting! applied for 1 year fixed, was confirmed and showing open on website awaiting to fill up with money in the next 7 days (did send £1 test) – ha, now it’s not showing on my accounts after re-logging in 3 hours later.

 

Ha, a rep must have read my comments, account now showing £1..Now will add more money Monday.

janusd

Consumerist said:

janusdesign said:

Re: Kent Reliance... where it says "Additional deposits are not permitted.", does that mean that after you've made your initial deposit of (1k+), you can't add more to the account e.g it's a one-time only deposit ?

It's usual to allow up to 14 days to make deposits. Check the Ts&Cs.

I did before posting here.

I couldn't see anything in the product details nor in the general terms about a window to make multiple deposits... hence the question!

Rollinghome

bristolleedsfan said:

Patr100 said:

Kent Reliance 1 Year Fixed Rate Bond - Issue 97
new top payer at 2.36%

https://www.kentreliance.co.uk/bonds/1-year-fixed-rate-bonds

Beaten late morning by Zopa 2.37%, Savers Friend slow to update .....
Fixed Term Savings accounts – Check our savings rates - Zopa

And Al Rayan at 2.4% Good to see a bit of competition coming back.

inspectorperez

Just been speaking to KR this morning about 2 year fixed bond at 2.76%. I have funds maturing on 7 June and looking to invest £85K into that particular product, but anxious not to miss the boat.

I'm told that I could make token investment within 7 days of opening the account (say£1K) and then further funds within 14 day cooling off period which starts ticking after the initial 7 day period ends. That sounds fine to me and manageable within my own timeframe.

Sea_Shell

Hard to know whether to go "all in" a 1 year now, or hedge your bets and "drip" money in, every two months or so, in say £5000 chunks, depending on what accounts (rates) become available.

Jam today, or (potentially) more jam tomorrow?!?

Consumerist

inspectorperez said:

Just been speaking to KR this morning about 2 year fixed bond at 2.76%. I have funds maturing on 7 June and looking to invest £85K into that particular product, but anxious not to miss the boat.

The way interest rates are going at the moment, I wouldn't sweat about missing the boat unless you have a specific reason to want this particular product. Waiting briefly before re-investing seems the way to go right now.

janusd

Sea_Shell said:

Hard to know whether to go "all in" a 1 year now, or hedge your bets and "drip" money in, every two months or so, in say £5000 chunks, depending on what accounts (rates) become available.

Jam today, or (potentially) more jam tomorrow?!?

I was thinking the same thing recently... i'm leaning towards a cascade drip into multiple accounts rather than filling FSCS limits... though i'm 4 months away from some of my fixed accounts maturing, so who knows what the situation will be like then.

Sea_Shell

janusdesign said:

Sea_Shell said:

Hard to know whether to go "all in" a 1 year now, or hedge your bets and "drip" money in, every two months or so, in say £5000 chunks, depending on what accounts (rates) become available.

Jam today, or (potentially) more jam tomorrow?!?

I was thinking the same thing recently... i'm leaning towards a cascade drip into multiple accounts rather than filling FSCS limits... though i'm 4 months away from some of my fixed accounts maturing, so who knows what the situation will be like then.

It's like regular savers on steroids! 😉

Maybe someone can come up with the formula to calculate what the rate needs to be before you've "lost out" by going all in, rather than waiting, say 2 months on any given amount?

If you go now, for say a 1year rate 0.8% above your current instant access holding, what does the difference need to be before waiting 2 months would've been best??

Over to the brains...