The Top Fixed Interest Savings Discussion Area

BooJewels

I'd concur with @refluxer - there isn't a hard and fast rule.  Recent ones I've done seem to go from the day you fund the fix - but there's usually a maturity date showing in your account once it's up an running - if it's one you've already opened.

Futuristic

Allica bank have increased 1y back to 6.02%

badger09

lcooper said:

YBS Loyalty Fixed Rate Bond 6% to 30/08/2024

https://www.ybs.co.uk/savings/product?id=YB271734W

Thanks for that. In the market for a decent joint FR account. This seems to fit the bill. 

SJMALBA

Vanquis:
1 Year @ 6.15%
2 Year @ 6.2%
3 Year @ 6.06%
1k min., monthly interest option.
https://www.vanquissavings.co.uk/view-fixed-rate-bonds/

uk1

SJMALBA said:

Vanquis:
1 Year @ 6.15%
2 Year @ 6.2%
3 Year @ 6.06%
1k min., monthly interest option.
https://www.vanquissavings.co.uk/view-fixed-rate-bonds/ 

Thanks for posting.

When opening accounts I like to test my accuracy by sending a test payment of a £1.

 It says that payments must be completed with 30 days of application AND all payments must be within 5 days of your first payment.  Is the £1000 minimum deposit  taken to mean £1000 in total - in other words can I pay in a £1 or must my first payment in be £1000?

Thanks. 

sibby_cash

uk1 said:

SJMALBA said:

Vanquis:
1 Year @ 6.15%
2 Year @ 6.2%
3 Year @ 6.06%
1k min., monthly interest option.
https://www.vanquissavings.co.uk/view-fixed-rate-bonds/ 

Thanks for posting.

When opening accounts I like to test my accuracy by sending a test payment of a £1.

 It says that payments must be completed with 30 days of application AND all payments must be within 5 days of your first payment.  Is the £1000 minimum deposit  taken to mean £1000 in total - in other words can I pay in a £1 or must my first payment in be £1000?

Thanks. 

If you send £1 they will send it back and email you to confirm that they have returned it. To make an actual deposit to your account you must send at least £1,000. 

uk1

sibby_cash said:

uk1 said:

SJMALBA said:

Vanquis:
1 Year @ 6.15%
2 Year @ 6.2%
3 Year @ 6.06%
1k min., monthly interest option.
https://www.vanquissavings.co.uk/view-fixed-rate-bonds/ 

Thanks for posting.

When opening accounts I like to test my accuracy by sending a test payment of a £1.

 It says that payments must be completed with 30 days of application AND all payments must be within 5 days of your first payment.  Is the £1000 minimum deposit  taken to mean £1000 in total - in other words can I pay in a £1 or must my first payment in be £1000?

Thanks. 

If you send £1 they will send it back and email you to confirm that they have returned it. To make an actual deposit to your account you must send at least £1,000. 

Thanks,  that would seem to work for me!  Does the account remain open or do they close it after they return the £1?

Frequentlyhere

Having just added Vanquis as a new payee myself, just to add that my sending bank was able to auto-confirm that the payee was indeed correct as Vanquis after typing in the account number/sort code and Vanquis as the payee.

If that works for your nominated bank, that might be more convenient than the £1 method.

uk1

Thanks,

I’ve applied for a joint account online and was told to wait for the pack in the post.  Is that normal or should I receive the bank details online?

Also does Vanquis automatically split the interest equally between us when reporting to Inland Revenue?  They haven’t requested NI numbers so I presume the Inland Revenue works it all out from addresses? 

Frequentlyhere

Ah ok if it's your first account with them I think you have to wait for the pack, as I recall. 

Can't confirm myself re: the joint account, I've never used a joint account for savings personally.