The Top Fixed Interest Savings Discussion Area

Alpine_Star

DavidAC said:

happybagger said:

Blugosi said:

 I have messaged them about this , and to date have had no reply . 

I opened up a second account with JN when logged in, it showed immediately. I did message them as the first deposit did not show after 3 days. It took 2 days to respond, saying they had been "doing maintenance". It had been credited.

If you messaged by "secure message" it may take a couple of days to get a reply.

Six days and still no reply to my secure message. 

Whenever I've had a problem with JN's secure messaging function I use their customer service email instead which usually works customerservice@jnbank.co.uk

DavidAC

Do payments into Vanquis on a weekend show same day?

Futuristic

RogerPensionGuy said:

Ref the NS&I 6.2% interest offering a few months back and currently withdrawal of that offering. 

I'm aware apparently NS&I achieved the required amount of investment they wanted in that tranche and withdrew it.

Reference the autumn statement, I think I understand the government hasn't allowed for inflation on many services, so either more real cutbacks reductions of services in the next period or they will indeed need more funding and my guess is they will need more funding that currently planned. 

Am I correct that NS&I funding this borrowing is convenient and cheap for the government and could indeed capture a few more votes at the next election if they were to maybe bring out another 6.2% or even 6.5% offering in the next period and by doing this may actually help inflation to drop.

Plus the government will be getting plenty of 20 and 40% income tax back on these NS&I offerings.

So any views welcome, will the next offering on NS&I be 6.2% or lower or higher?

Personally I think you are in a dream world, them reintroducing a saver like that again will gather minuscule amount of votes when there are lot more important things to vote a party on. Rates are only headed one way and it's not up. 

Blugosi

RogerPensionGuy said:

Ref the NS&I 6.2% interest offering a few months back and currently withdrawal of that offering. 

I'm aware apparently NS&I achieved the required amount of investment they wanted in that tranche and withdrew it.

Reference the autumn statement, I think I understand the government hasn't allowed for inflation on many services, so either more real cutbacks reductions of services in the next period or they will indeed need more funding and my guess is they will need more funding that currently planned. 

Am I correct that NS&I funding this borrowing is convenient and cheap for the government and could indeed capture a few more votes at the next election if they were to maybe bring out another 6.2% or even 6.5% offering in the next period and by doing this may actually help inflation to drop.

Plus the government will be getting plenty of 20 and 40% income tax back on these NS&I offerings.

So any views welcome, will the next offering on NS&I be 6.2% or lower or higher?

UK 1 year gilt is  yielding below 5% at the moment  . When they were offering  5.2% a couple of months back  it was yoyoing around that level . No way are you getting above 5% now if  if they do offer a new 1 year .  

allegro120

RogerPensionGuy said:

So any views welcome, will the next offering on NS&I be 6.2% or lower or higher?

My "crystal ball" says - significantly lower

auser99

Blugosi said:

RogerPensionGuy said:

Ref the NS&I 6.2% interest offering a few months back and currently withdrawal of that offering. 

I'm aware apparently NS&I achieved the required amount of investment they wanted in that tranche and withdrew it.

Reference the autumn statement, I think I understand the government hasn't allowed for inflation on many services, so either more real cutbacks reductions of services in the next period or they will indeed need more funding and my guess is they will need more funding that currently planned. 

Am I correct that NS&I funding this borrowing is convenient and cheap for the government and could indeed capture a few more votes at the next election if they were to maybe bring out another 6.2% or even 6.5% offering in the next period and by doing this may actually help inflation to drop.

Plus the government will be getting plenty of 20 and 40% income tax back on these NS&I offerings.

So any views welcome, will the next offering on NS&I be 6.2% or lower or higher?

UK 1 year gilt is  yielding below 5% at the moment  . When they were offering  5.2% a couple of months back  it was yoyoing around that level . No way are you getting above 5% now if  if they do offer a new 1 year .  

Just to be sure, do you mean 6.2% for NSI, or are you meaning 5.2% for the gilt?
And thus are you meaning no chance NSI will offer above 6% now, or actually mean 5%?

Ted_01

I've just finished funding my RCI Bank 3 year bond at 5.5%, and now I see a better rate is available with FirstSave, they have a 3 year at 5.85%. I put £37,000 in RCI, but I'm still within the 14 day retraction period. Would it be unreasonable to take it all my money out RCI and move it to FirstSave? I'd be roughly £390 better off if i did. Has anyone else done such a thing?

janusd

Ted_01 said:

I've just finished funding my RCI Bank 3 year bond at 5.5%, and now I see a better rate is available with FirstSave, they have a 3 year at 5.85%. I put £37,000 in RCI, but I'm still within the 14 day retraction period. Would it be unreasonable to take it all my money out RCI and move it to FirstSave? I'd be roughly £390 better off if i did. Has anyone else done such a thing?

two thoughts - there is a risk that the FirstSave account might be pulled before you can get the money out of RCi, and do FirstSave allow multiple deposits? moneyfacts implies not, and if that is the case, you couldn't say open it, throw £1k in and then wait for RCi to return the £37k... but others on here will be more familiar with FS than me.

Ted_01

@ janusdesign - thank you, I've decided not to do it. 

I never imagined seeing rates increase again right now as they have with FirstSave.

Patr100

janusdesign said:

Ted_01 said:

I've just finished funding my RCI Bank 3 year bond at 5.5%, and now I see a better rate is available with FirstSave, they have a 3 year at 5.85%. I put £37,000 in RCI, but I'm still within the 14 day retraction period. Would it be unreasonable to take it all my money out RCI and move it to FirstSave? I'd be roughly £390 better off if i did. Has anyone else done such a thing?

two thoughts - there is a risk that the FirstSave account might be pulled before you can get the money out of RCi, and do FirstSave allow multiple deposits? moneyfacts implies not, and if that is the case, you couldn't say open it, throw £1k in and then wait for RCi to return the £37k... but others on here will be more familiar with FS than me.

Moneyfacts says:
Min Opening Amount£1,000

Max Investment£2,000,000

I would interpret that as allowing multiple deposits as long as the first is $1000