The Top Fixed Interest Savings Discussion Area

Malchester

2010 said:

Celtic_Supersaver said:

I am looking for a 1 year fix with monthly interest. You'd think Charter would be perfect but they are so slow.  Posted (nominated)  bank statement to them on Friday. They opened it yesterday, today it will go in a 5 - business days queue, Bank Holiday next Monday so not a business day. By the time they open me an account it will likely be 12/13 days since I applied.  
Anyone got any suggestions for a a similar deal without the shenanigans?

You`ll get it up and running today but the rate is 5.80%

https://www.paragonbank.co.uk/savings/one-year-fixed-rate

Ford Money are excellent. Just opened an 18 month fixed rate account at 5.89% with monthly interest. All done in a couple of minutes (am a existing customer) 

janusdesign

Malchester said:

2010 said:

Celtic_Supersaver said:

I am looking for a 1 year fix with monthly interest. You'd think Charter would be perfect but they are so slow.  Posted (nominated)  bank statement to them on Friday. They opened it yesterday, today it will go in a 5 - business days queue, Bank Holiday next Monday so not a business day. By the time they open me an account it will likely be 12/13 days since I applied.  
Anyone got any suggestions for a a similar deal without the shenanigans?

You`ll get it up and running today but the rate is 5.80%

https://www.paragonbank.co.uk/savings/one-year-fixed-rate

Ford Money are excellent. Just opened an 18 month fixed rate account at 5.89% with monthly interest. All done in a couple of minutes (am a existing customer) 

got the impression the OP was more concerned about going to a new bank and having to wait for paper documents (usernames etc) before logging in and beginning funding.... can't for the life of me remember if Ford do that for new users...
like Malchester, I recently opened an 18-month fix with Ford as an existing user... took a day for the new account to be created and from that point, you have 21 days to fund.

BooJewels

I was new to Ford in June for their Flex saver and wasn't asked for any paperwork, it was all sorted very expediently.   I think I got username etc. by email  which was later confirmed in writing.

I just wondered though if the poster asking had experienced difficulties with Charter, might find the same with Ford, as they use the same system.  I thought it was Charter asking for a bank statement that was causing the delay.

thor

Charter 1 year fix down to 5.98% from 6.00%

JGB1955

As I remember it, opened and funded my Atom FRB (currently 5.9%) all on the same day.

sheslookinhot

janusdesign said:

talking of Ford Money, does anyone know whether their maturity dates are based on when the account was first opened or is it when they're first funded? the app or site don't seem to give any indication... I have sent them a secure message, but assume I won't get a reply until late next week.

The maturity date is based on the anniversary of your first deposit.  It’s clear in the T’s & C’s

<<< It will finish on the date of the final anniversary of us receiving your initial deposit. For example, if you make an initial deposit for a 1-year term on 5th January, the term will end on 5th January the following year.>>>

SJMALBA

janusdesign said:

talking of Ford Money, does anyone know whether their maturity dates are based on when the account was first opened or is it when they're first funded? the app or site don't seem to give any indication... I have sent them a secure message, but assume I won't get a reply until late next week.

From the Fixed Saver Terms:

songman

thor said:

Charter 1 year fix down to 5.98% from 6.00%

Currently got a problem with them on a previous 1-year bond which has been short-paid the interest due by two days.

Not exactly a fortune, but shouldn't happen.

janusdesign

with regards to an earlier discussion about Recognise Bank and the confusion about the funding window (whether it's 14 or 30 days and email/site giving different values), I just received an email from them...

We are writing to let you know of some important changes to our savings accounts. 

Our funding window has changed

• We have reduced the funding window across all our savings accounts from 30 days to 14 days.
• The funding window is the period in which you need to make your initial deposit after opening an account with us.
• Please be aware of this change if you are looking to open a new account with us. 

How this could impact you

1. We may close your account. If we do not receive funds within 14 days of your account opening, your new savings account may be closed, and you’ll need to reapply online.
2. We may change your interest rate. In the event we don’t close your Account after 14 days and it is a Fixed Rate Account with the rate having dropped since you opened it, we may apply the lower interest rate to your Account.

so from this point on, it's 14 days to fund their accounts.

CheekyMikey

Celtic_Supersaver said:

I am looking for a 1 year fix with monthly interest. You'd think Charter would be perfect but they are so slow.  Posted (nominated)  bank statement to them on Friday. They opened it yesterday, today it will go in a 5 - business days queue, Bank Holiday next Monday so not a business day. By the time they open me an account it will likely be 12/13 days since I applied.  
Anyone got any suggestions for a a similar deal without the shenanigans?

Charter were pretty quick when we opened a 1 yr fix for my wife a few weeks ago…only took a day or so for us to be putting money in. Also opened a Hodge account too, have to say that was very fast and payments in and out are instant. Good communications from them too, I’m impressed.