The Top Fixed Interest Savings Discussion Area

friolento

The NS&I default is set to paperless

subjecttocontract

jacko74 said:

Hopefully the regular banks will now match NS&I's 6.2% for 1 year... I'd rather use one of them than have to deal with all the convoluted processes that NS&I seem to insist on using.

Ditto. Couldn't agree more.
We have £100K in p/bonds with these jokers.....don't know what will happen if we ever want to cash them in !

JGB1955

Whilst I accept that some people have had problems cashing in Premium Bonds, NS&I were the quickest to pay out once I'd obtained probate for my father....

JGB1955

Opened a bond with £3k a couple of hours ago and it's now showing in my account.  Another 17K coming their way in 10 days time (unless some other institution gets their act together...).

Beddie

subjecttocontract said:

jacko74 said:

Hopefully the regular banks will now match NS&I's 6.2% for 1 year... I'd rather use one of them than have to deal with all the convoluted processes that NS&I seem to insist on using.

Ditto. Couldn't agree more.
We have £100K in p/bonds with these jokers.....don't know what will happen if we ever want to cash them in !

There's really no need to worry. You see a lot of moans because NS&I have a lot of accounts, but I have withdrawn money from premium bonds online several times and it's done in a day or two without any hassle at all.

subjecttocontract

Beddie said:

subjecttocontract said:

jacko74 said:

Hopefully the regular banks will now match NS&I's 6.2% for 1 year... I'd rather use one of them than have to deal with all the convoluted processes that NS&I seem to insist on using.

Ditto. Couldn't agree more.
We have £100K in p/bonds with these jokers.....don't know what will happen if we ever want to cash them in !

There's really no need to worry. You see a lot of moans because NS&I have a lot of accounts, but I have withdrawn money from premium bonds online several times and it's done in a day or two without any hassle at all.

I'm sure there are plenty of people who make trouble free transactions but Im not ready to see them practicing getting it right with my accounts....... for me it's 2 main things

1. Their ability to screw up is legendary so they have lost my trust in the same way that Virgin Money have lost my trust.
2. I operate out of a tablet most of the time, an Amazon Fire tablet and NS&I don't support my Silk browser. 

I think if NS&I were to offer a good tax free account (as they have done in years past), along with the unlimited FSCS protection I would probably, consider changing my set up & placing my considerable accumulated wealth with them. But it aint gonna happen at the moment.

gt94sss2

subjecttocontract said:

2. I operate out of a tablet most of the time, an Amazon Fire tablet and NS&I don't support my Silk browser. 

Like any financial institution, NS&I list a set of supported browsers.

https://www.nsandi.com/get-to-know-us/security/improved-security

They are virtually the same for most providers.

I have never seen a provider list Silk as a supported browser and don't think that NS&I's lack of support for it is a fair criticism.

In fact reading how Silk works (via Amazon's servers), I wouldn't want to use it for any financial transactions and am thus not suprised banks won't support it

metrobus

With NS&I increasing the fixed rate / term bonds whilst  the regular banks lowering FTBs is this more proof of the cartel the banks are running, and should the authorities take action against the cartel?😂

Sg28

metrobus said:

With NS&I increasing the fixed rate / term bonds whilst  the regular banks lowering FTBs is this more proof of the cartel the banks are running, and should the authorities take action against the cartel?😂

Or is it actually because the government took action that they are now lowering top end rates to increase their average offerings?

metrobus

That’s assuming they increased lower rates substantially, the bottom line is they are acting as a cartel.