The Top Fixed Interest Savings Discussion Area

Expotter

janusdesign said:

youngretired said:

Bazzalona13295 said:

youngretired said:

Does anyone know if upon maturity of a Dudley 1 year Bond, if the funds are moved the following day if requesting for the funds to be transferred to your nominated account and the account closed? All the email says is upon maturity which is today.

I have one maturing next month and tbh I don't know, I suspect it will be a 24 hour thing knowing the Dudley.
If its an issue I would give them a call if possible

The funds finally arrived in my account yesterday at 5.05pm. I phoned Dudley twice as was worried why it was taking so long and they doublechecked all the account info and guaranteed it would be in by 5pm. So they closed it the day after maturity (17th) on the 18th and funds arrived at 5pm on the 19th.

out of curiosity, did you receive one payment from Dudley BS or two ?

my fix with them matured today, and I received the annual interest from them 15 minutes ago to my nominated account, but not yet the initial capital - the account is no longer appearing when I login, so obviously now closed... no doubt it will come before the end of the day, but just wondering if you received separate payments from them.

Could you tell me whether Dudley BS contacted you, by any means, beforehand to choose any options on maturity? Mine matures in a couple of weeks and I've heard nothing from them and was thinking about calling for more information.

janusdesign

Expotter said:

janusdesign said:

youngretired said:

Bazzalona13295 said:

youngretired said:

Does anyone know if upon maturity of a Dudley 1 year Bond, if the funds are moved the following day if requesting for the funds to be transferred to your nominated account and the account closed? All the email says is upon maturity which is today.

I have one maturing next month and tbh I don't know, I suspect it will be a 24 hour thing knowing the Dudley.
If its an issue I would give them a call if possible

The funds finally arrived in my account yesterday at 5.05pm. I phoned Dudley twice as was worried why it was taking so long and they doublechecked all the account info and guaranteed it would be in by 5pm. So they closed it the day after maturity (17th) on the 18th and funds arrived at 5pm on the 19th.

out of curiosity, did you receive one payment from Dudley BS or two ?

my fix with them matured today, and I received the annual interest from them 15 minutes ago to my nominated account, but not yet the initial capital - the account is no longer appearing when I login, so obviously now closed... no doubt it will come before the end of the day, but just wondering if you received separate payments from them.

Could you tell me whether Dudley BS contacted you, by any means, beforehand to choose any options on maturity? Mine matures in a couple of weeks and I've heard nothing from them and was thinking about calling for more information.

they sent me an email 14 days before maturity (email sent by them on the 9th October) - so you should probably expect to receive it any day now (if your maturity is over a couple of weeks away).

This is a friendly reminder that your One Year Fixed Rate Bond Online Issue 7 is due to mature in 14 days. We encourage you to consider the below maturity options that are available to you.
Transfer your entire balance into a new product - Prior to maturity
If you would like to transfer your entire balance into a new product, you can do this within our Online Service in a few simple steps:-
Login to our Online Service to check your maturity options. Choose the 'Select a new product from our range to transfer your money into' option to see a full list of products available to you. Apply for the product you wish to open. Following maturity, your balance will automatically be transferred into this new product.
Make a partial transfer into a new product - After your maturity date
If you want to transfer part of your balance into a new product, you can do this following your maturity date. We'll send you another email to remind you, but you can follow the steps below:-
After your maturity date, your One Year Fixed Rate Bond Online Issue 7 will automatically mature into our Instant Access Maturity Online Issue 2 product. Click on the 'Apply' tab to select a new product to transfer part of your balance into. Apply for this new product and transfer the desired balance from your Instant Access Maturity Online Issue 2 account into it. You can then easily transfer any remaining funds from your Instant Access Maturity Online Issue 2 account to either your nominated bank account or another account you hold with us.
Withdrawing your entire balance - Prior to maturity or after your maturity date
Although we hope that you decide to reinvest with us, you also have the option to withdraw your entire balance to your nominated account, which means that the account will be closed upon maturity.
You can do this through our Online Service in a few steps:-
Login to our Online Service to check your maturity options. Choose the 'Withdraw entire balance to your Nominated Bank Account' option. Upon maturity, your balance will be transferred to your nominated account and your account will be closed.

dharm999

uscool said:

Just received this , it's the 6.1% 1 year fixed

Thank you for choosing Raisin UK.

Unfortunately, the Ahli United Bank savings account you're applying for is no longer available through our marketplace.

Because you have an application in progress, you can still open this savings account at the interest rate you applied for. To secure your savings account, you must transfer your full deposit amount (in multiple transfers if needed) to your Raisin UK Account within five business days; otherwise, we will cancel your order

The Ahli one year fix at 6.1% is still available via AJ Bell, according to an email I received from them a few minutes ago.

youngretired

janusdesign said:

youngretired said:

Bazzalona13295 said:

youngretired said:

Does anyone know if upon maturity of a Dudley 1 year Bond, if the funds are moved the following day if requesting for the funds to be transferred to your nominated account and the account closed? All the email says is upon maturity which is today.

I have one maturing next month and tbh I don't know, I suspect it will be a 24 hour thing knowing the Dudley.
If its an issue I would give them a call if possible

The funds finally arrived in my account yesterday at 5.05pm. I phoned Dudley twice as was worried why it was taking so long and they doublechecked all the account info and guaranteed it would be in by 5pm. So they closed it the day after maturity (17th) on the 18th and funds arrived at 5pm on the 19th.

out of curiosity, did you receive one payment from Dudley BS or two ?

my fix with them matured today, and I received the annual interest from them 15 minutes ago to my nominated account, but not yet the initial capital - the account is no longer appearing when I login, so obviously now closed... no doubt it will come before the end of the day, but just wondering if you received separate payments from them.

No the payment was received as one sum. I picked the option to close the account and transfer the full amount to my nominated account. Did you by chance upon opening request the interest to be applied to your nominated account instead of to the maturing account, as I know some bonds allow this?

stoneman

I deposited £9K in Raisin (£5K on Saturday and £4K this morning) to be applied to the Ziraat 1 year fix at 6%. I get an email this morning saying that as of today the Ziraat 1 year fix is being reduced to 5.9%. My account shows that my application hasn't been accepted by Ziraat yet and I have £9K in my Raisin account. The Ziraat account doesn't even show up as one of the accounts you can open now.
As my money hasn't been allocated to a bank yet can I just ask Raisin to refund the money, as I can get a slightly better deal elsewhere. 

Baldeagle095

Why are the top fixed rate bonds listed here under top savings relatively poor in comparison with other websites?
Union Bank of India and Habib Bank with rates of 6.11% and 6.03% are not recorded. Have they been withdrawn?
Surely we should be squeezing every last penny out of savings which are still significantly less than inflation.
In the US real interest rates are greater than inflation.

refluxer

Baldeagle095 said:

Why are the top fixed rate bonds listed here under top savings relatively poor in comparison with other websites?
Union Bank of India and Habib Bank with rates of 6.11% and 6.03% are not recorded. Have they been withdrawn?
Surely we should be squeezing every last penny out of savings which are still significantly less than inflation.
In the US real interest rates are greater than inflation.

I gave up using MSE's top tables a while ago as they don't seem to be updated as regularly as other sites like MoneyFacts and Savings Champion.

I looked at Union Bank of India a while ago and, while you can apply for some of their accounts online, new customers had to visit a branch with ID which, if that's still the case, would rule them out for the majority. I'm not sure why the Habib account isn't mentioned, but a lack of online banking facilities would rule them out for me, personally.

bristolleedsfan

refluxer said:

Baldeagle095 said:

Why are the top fixed rate bonds listed here under top savings relatively poor in comparison with other websites?
Union Bank of India and Habib Bank with rates of 6.11% and 6.03% are not recorded. Have they been withdrawn?
Surely we should be squeezing every last penny out of savings which are still significantly less than inflation.
In the US real interest rates are greater than inflation.

I looked at Union Bank of India a while ago and, while you can apply for some of their accounts online, new customers had to visit a branch with ID which, if that's still the case, would rule them out for the majority. 

Not my experience, I have not seen any mention of that from anyone else, maybe you referring to  State Bank of IndiaUK

refluxer

bristolleedsfan said:

refluxer said:

Baldeagle095 said:

Why are the top fixed rate bonds listed here under top savings relatively poor in comparison with other websites?
Union Bank of India and Habib Bank with rates of 6.11% and 6.03% are not recorded. Have they been withdrawn?
Surely we should be squeezing every last penny out of savings which are still significantly less than inflation.
In the US real interest rates are greater than inflation.

I looked at Union Bank of India a while ago and, while you can apply for some of their accounts online, new customers had to visit a branch with ID which, if that's still the case, would rule them out for the majority. 

Not my experience, I have not seen any mention of that from anyone else, maybe you referring to  State Bank of IndiaUK

No, I wasn't referring to the SBI - I was actually basing that on question 23 in Union Bank of India's FAQs (which does also give a postal alternative)...

Q23 How can I apply for an account with Union Bank of India (UK) Ltd?

You can download the form from our website www.unionbankofindiauk.co.uk or collect it from the branch. After completing the form you can

• Visit the branch and submit the form. You must bring with you relevant documents to prove your identity and address(the proof of address document must not be older than three months at the time of application). Original documents are required.
• Send the attested copies of your original documents along with the form by post to the branch at the following address The Branch Manager, Union Bank of India (UK) Ltd Senator House, 85 Queen Victoria Street London EC4V 4AB The Bank may take references and seek an additional electronic verification of your details in the case of latter

...however, after a bit more digging, it looks like you're right - the application process is different for their Union Premier (online) bonds which have their own section on the website along with a different set of FAQs...

How do you verify my details for KYC purposes ?

We are required to have adequate proof of your identity and address before opening your Union Premier Bond. We will verify your identity and address electronically with Credit Reference Agencies.

Credit Reference Agencies will ask for your details such as your name, address, date of birth, Driving License or Passport details. These details will be submitted to the Credit Reference Agency to verify the information you have provided to us. Please do not send in your documents unless we request you to do so. However if the online verification fails, we may ask for documents (including your id and proof of address) in order to enable us to complete our due diligence procedures and open your bond account.

SickGroove

Vanquis have upped their fixed rates but alas yet again my 5 year plus Starling account cannot be validated at sign up stage...

Had same the issue in April so I gave up!

Never had a problem with any other bank and been living at the same address for 15 years plus...I just tried 4 times (different browsers too) but keep getting the following message so I've given up once and for all...

We have not been able to validate your Nominated Account

This could be for a variety of reasons such as you may have recently moved house, or you may not have had the bank account very long.

We will need you to supply some additional information about your Nominated Account and will give you some instructions around this once you have completed your application.