The Top Fixed Interest Savings Discussion Area

brucefan_2

jimexbox said:

Oxbury have good notice accounts, you then get access to their existing customer rates. Currently 1 and 2 year @ 6.01%. 

Thank you for the heads-up on this. I had missed the 1 year fixed rate completely. I appreciate you pointing this out.

I already had a couple of notice accounts with Oxbury recently funded, so was able this evening to open and pretty much instantly and hassle-free  fund a 1 year fix.

Compared with the laborious processes of opening a Gatehouse and Vanquis 1 year fix, this was so easy. The Gatehouse and Vanquis will remain unfunded.

jimexbox

SickGroove said:

janusdesign said:

Ozzig said:

jimexbox said:

Oxbury have good notice accounts, you then get access to their existing customer rates. Currently 1 and 2 year @ 6.01%. 

Sounds interesting, so if I opened the 90-day 5.51% with £1k do I get immediate access to the 6.01%? 

if you're going down this road, might be worth looking at their EA account @ 4.94% - you still need £1k to open, but you don't have to keep that as minimum balance... you can withdraw (perhaps leaving £1) or transfer it to the fixed account, but you won't get any interest on balances below £1k.

So could I get the decent 2 year fixed rate if I open the EA as a new customer?

On the 2 year fix is there a funding window & can interest be paid away monthly?

Thanks for the tip btw!

You can open without depositing anything, but have to fund the fixed bond with two weeks. There is no option of monthly interest, it's interest on maturity. 

soulsaver

SeriousHoax said:

I'm looking at a 2-year fix with the Union Bank of India has anyone used them, and how did you find the sign up process and customer services.

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/?utm_source=mseandroid&utm_medium=mobile_app&source=MOB_MSEANDROID&utm_campaign=mse_topics#twoyearfixed

MSE shows 6.00% AER in the link.
United Bank of India site says 6.00% simple interest. 

Sign up process: Bit Clunky IMO.

brucefan_2

@jimexbox
@SickGroove

As a brief additional comment, I do really like the Oxbury account summary/dashboard view. Simple, uncluttered, easy on the eye with all the pertinent information easy to view.

I'm impressed with the whole experience so far from the ease and speed of opening the accounts right through to a transfer I've just made into the account from an external bank appearing almost instantly on the dashboard.

Fingers crossed, the good experiences continue.

SirHugo

I was looking at opening an Oxbury EA or 90 day account primarily to get access to the higher rate 1 year fix, but I've noticed their 'general' 1 year fixed account is no longer showing on the website. Is the existing customer 1 year 6.01% account still available or has that now been pulled?

janusdesign

SirHugo said:

I was looking at opening an Oxbury EA or 90 day account primarily to get access to the higher rate 1 year fix, but I've noticed their 'general' 1 year fixed account is no longer showing on the website. Is the existing customer 1 year 6.01% account still available or has that now been pulled?

just checked and both the 1-Yr & 2-Yr fixes still seem to be available when I login.

SirHugo

janusdesign said:

just checked and both the 1-Yr & 2-Yr fixes still seem to be available when I login.

janusdesign  Thanks very much for the response

DavidAC

Just managed to get the app installed on my phone which is quite old. Had difficulty scanning the QR code but eventually worked. Is scanning a QR code ever used after authenticating the phone? 

Do they send anything through the post after registering? All other accounts I have sent something through the post.

jimexbox

brucefan_2 said:

@jimexbox
@SickGroove

As a brief additional comment, I do really like the Oxbury account summary/dashboard view. Simple, uncluttered, easy on the eye with all the pertinent information easy to view.

I'm impressed with the whole experience so far from the ease and speed of opening the accounts right through to a transfer I've just made into the account from an external bank appearing almost instantly on the dashboard.

Fingers crossed, the good experiences continue.

Their CS seems to be decent too. I've contacted them a few times to transfer notice accounts and close unused accounts. Always done the same day. 

SickGroove

Just set up the EA account with Oxbury then opened the 2 year fix at the fantastic rate of 6.01...

Obviously, once I've fully funded the 2 year fix, my unfunded EA account will just close after 90 days I guess?

It states I have 14 days to fund my 2 year fixed rate account, so as my main current fix doesn't mature til 17/11, can I make multiple deposits up until the 14 days or does it all need to be deposited in one go?

Finally, as the interest is compounded & paid after the two years...a 68K deposit will generate considerable interest...

I guess I will just have to make sure the interest for tax year April 25 - April 26 stays below the 10K personal allowance so I don't have to declare anything (all ISA paid away interest earned doesn't need to be declared anyway right?)