The Top Fixed Interest Savings Discussion Area

EthicsGradient

RosieRooBear said:

In case anyone is interested Oxbury have introduced 2, 3 and 4 year bonds for existing customers alongside their 1 yr bond as mentioned above.

Existing Customer 1 Yr Bond: 5.28% Fixed- Issue 14Fixed

Min: £1,000.00Max: £500,000.00

Personal 2 Yr Bond Account: 5.11% Fixed - Issue 23Fixed

Min: £1,000.00Max: £500,000.00

Personal 3Yr Bond Account: 4.66% Fixed -Issue 10Fixed

Min: £1,000.00Max: £500,000.00

Personal 4Yr Bond Account: 4.31% Fixed -Issue 6Fixed

Min: £1,000.00Max: £500,000.00

The 1 year bond does not show on their website now - just easy access at 4.94%, and the 2, 3 and 4 year bonds as you show - Savings Accounts | Oxbury | The Agricultural Bank

RosieRooBear

@EthicsGradient, I’ve just logged in and both the 1 year bond and 120 day notice account are still showing for me. They are for existing customers only so I’m presuming you don’t have an account with them or you didn’t log in to see all options. It appears that the 2, 3 and 4 year bonds are available to everyone not just existing customers 😊

SeriousHoax

RosieRooBear said:

@EthicsGradient, I’ve just logged in and both the 1 year bond and 120 day notice account are still showing for me. They are for existing customers only so I’m presuming you don’t have an account with them or you didn’t log in to see all options. It appears that the 2, 3 and 4 year bonds are available to everyone not just existing customers 😊

Yes, it's showing for me.

EthicsGradient

OK, that makes sense - I'm not a customer (yet). They are now also showing, for new customers,

Personal 1 Year Bond Account - Issue 34

5.26% AER Fixed

Min: 1,000 Max: 500,000

which equals the best generally-available rate, from Close Brothers.

2Sheds

Just opened a Close Brothers 5.26% account, you then get 10 days to transfer funds in.

peter021072

Does anyone know if fixed rate bank accounts maturity dates are calculated from the day the account is opened or from the day of the the last payment. So If I opened a 1 year account today would it mature in the next financial year 24/25 or 25/26 assuming a 14 day window?

refluxer

peter021072 said:

Does anyone know if fixed rate bank accounts maturity dates are calculated from the day the account is opened or from the day of the the last payment. So If I opened a 1 year account today would it mature in the next financial year 24/25 or 25/26 assuming a 14 day window?

Generally, the fixed rate period either starts on the day the account is opened or the date of the first deposit - you'd need to read the T&C's to see which approach your chosen bank or building society uses.

I'm not aware of any fixed rate accounts where the fixed rate period starts on the date of your last deposit.

badger09

And some Fixed Rate accounts have fixed interest dates. Eg current 1Year Fixed Rate Exclusive ISA from Virgin Money matures 31 March 2025. Previous issue matures 31 January 2025. 

BooJewels

@refluxer posted exactly what I've found in my experience - I've never encountered a maturity date based on last deposit.  I've just opened a Charter 1 year fix and the monthly interest date (if that option is chosen, which I always do) and maturity date are the date you make your first deposit, according to their terms. I opened it on Friday 22nd, funded it yesterday morning which showed in the balance later in the day and it now shows the maturity date as 23rd March 2025 - I therefore expect to get my first interest on 23rd April.

Some accounts go from the date I opened them and where I didn't fund it immediately, the first month I got a smaller interest payment as a period of that time the account was empty.  Another I have with First Save pays monthly interest on the last business day of the calendar month - but annual interest on the anniversary of first deposit.

So as you can see, you need to check the terms for the specific product.

peter021072

It's the 2 year fix from Oxbury.

It might turn out to be academic as they've just messaged me back expecting me to manage the account from a smartphone which I don't have, only a old style mobile.  It seems a smartphone is an extra needless expense for a whole variety of tasks which could be just as easily managed from a PC or laptop from home. What is the obsession with tiny screens?