The Top Fixed Interest Savings Discussion Area

BooJewels

jaypers said:

Charter now updated……

1 Year 5.23%
18 Months 5.25%
2 Year 5.30%

That's good, thanks - 5.3% is nice (well 5.18 monthly, which is my preference) - a few more ice creams on my holibobs.  I'm in the market for some new fixes and Vanquis and Charter are the two at the top of my personal shortlist.  And thanks to @Matt17 for confirmation about funding the Vanquis fix.  I was just dashing out and it was lazy posting to ask really, as I had the T&C open, but hadn't yet read it all.  I thought limiting it to one transfer might rule it out - for me.

TiVo_Lad

BooJewels said:

jaypers said:

Charter now updated……

1 Year 5.23%
18 Months 5.25%
2 Year 5.30%

That's good, thanks - 5.3% is nice (well 5.18 monthly, which is my preference) - a few more ice creams on my holibobs.  I'm in the market for some new fixes and Vanquis and Charter are the two at the top of my personal shortlist.  And thanks to @Matt17 for confirmation about funding the Vanquis fix.  I was just dashing out and it was lazy posting to ask really, as I had the T&C open, but hadn't yet read it all.  I thought limiting it to one transfer might rule it out - for me.

I think as more and more banks introduce payment limits, it becomes increasingly difficult to only allow people to make a single transfer.

5.3% is now a full 1% above what I fixed at in January. This is really starting to hurt.

BooJewels

TiVo_Lad said:

BooJewels said:

jaypers said:

Charter now updated……

1 Year 5.23%
18 Months 5.25%
2 Year 5.30%

That's good, thanks - 5.3% is nice (well 5.18 monthly, which is my preference) - a few more ice creams on my holibobs.  I'm in the market for some new fixes and Vanquis and Charter are the two at the top of my personal shortlist.  And thanks to @Matt17 for confirmation about funding the Vanquis fix.  I was just dashing out and it was lazy posting to ask really, as I had the T&C open, but hadn't yet read it all.  I thought limiting it to one transfer might rule it out - for me.

I think as more and more banks introduce payment limits, it becomes increasingly difficult to only allow people to make a single transfer.

5.3% is now a full 1% above what I fixed at in January. This is really starting to hurt.

I was thinking about transfer limits potentially being problematic, as some banks are limiting even further than my own.

5.3% is 2% more than I fixed at last October - so yes, it does make quite a difference.  I was waiting on money coming in to fix and it's been delayed a couple of weeks, it's already better just for that short delay, so at least that is more palatable.  I don't really want to think what might happen in a couple of months - you just have to go with what's good the day you want to get it done.

dgpur

Thumbs_Up said:

BigBlueSky said:

Can't decide between the Vanquis and Al Rayan both offering 5.30%.

I’ll help to decide for you, Vanquish with a click of a mouse button you can change around interest payments either monthly or annually throughout the fixed period. Not many banks offer that, Btw i bank with both.

 

My experience with Atom is that if you choose the option to have monthly interest, but repaid into the saver, the final interest is (slightly) above what it would be if paid at term/annually. Plus I kinda like watching the interest grow!

auser99

Expotter said:

Included in Vanquis T&C, 

"5. Each Account will be a limited issue, and will therefore be subject to availability. If the issue becomes fully subscribed between the date we receive your application and the date we receive your deposit and/or any necessary proof of identity and residency documents, we will no open an Account for you and will return the amount of your deposit without interest. We may discontinue or stop opening new accounts without telling you."

So if I'm reading this correctly, for anyone planning to open one just in case, even though it allows 30 days for funding, it doesn't necessarily mean it will always allow a late deposit.

Does anyone know much about that proof of identity and residency bit?
Assume that's on occasions they can't be sure on you just off your National Insurance number and the vast majority of people don't have to do that?

Tempted by them but can't be bothered if it needs sending stuff off in the post etc. (Having enough fun with trying to get ISA cash out of NS@I with that approach!)

t1redmonkey

auser99 said:

Expotter said:

Included in Vanquis T&C, 

"5. Each Account will be a limited issue, and will therefore be subject to availability. If the issue becomes fully subscribed between the date we receive your application and the date we receive your deposit and/or any necessary proof of identity and residency documents, we will no open an Account for you and will return the amount of your deposit without interest. We may discontinue or stop opening new accounts without telling you."

So if I'm reading this correctly, for anyone planning to open one just in case, even though it allows 30 days for funding, it doesn't necessarily mean it will always allow a late deposit.

Does anyone know much about that proof of identity and residency bit?
Assume that's on occasions they can't be sure on you just off your National Insurance number and the vast majority of people don't have to do that?

Tempted by them but can't be bothered if it needs sending stuff off in the post etc. (Having enough fun with trying to get ISA cash out of NS@I with that approach!)

I opened a Vanquis bond last November and was verified electronically so basically was all open and ready to fund in a few minutes.  I imagine they may not be able to verify some people electronically for various reasons so for those they will end up having to request ID&V (same with any bank).

metrobus

Do Atom allow monthly pay away for interest earned on fixed term bonds?
Thank you.

ZeroSum

metrobus said:

Do Atom allow monthly pay away for interest earned on fixed term bonds?
Thank you.

Yes......

SJMALBA

Perhaps of interest to someone who prefers 'better known' names?

Coventry Building Society - 2 (and a bit) year fix @ 5%

https://www.coventrybuildingsociety.co.uk/member/product/savings/fixed_rates/fixed-bond-306-31-08-2025.html

bristolleedsfan

BooJewels said:

TiVo_Lad said:

BooJewels said:

jaypers said:

Charter now updated……

1 Year 5.23%
18 Months 5.25%
2 Year 5.30%

That's good, thanks - 5.3% is nice (well 5.18 monthly, which is my preference) - a few more ice creams on my holibobs.  I'm in the market for some new fixes and Vanquis and Charter are the two at the top of my personal shortlist.  And thanks to @Matt17 for confirmation about funding the Vanquis fix.  I was just dashing out and it was lazy posting to ask really, as I had the T&C open, but hadn't yet read it all.  I thought limiting it to one transfer might rule it out - for me.

I think as more and more banks introduce payment limits, it becomes increasingly difficult to only allow people to make a single transfer.

5.3% is now a full 1% above what I fixed at in January. This is really starting to hurt.

5.3% is 2% more than I fixed at last October - 

3.2% was available 8th August for 1 year fix, Charter were offering 4.27% on 6th October, rates went higher and higher after that .....