The Top Fixed Interest Savings Discussion Area

ranciduk

Halifax one year bond is now 4.5% for existing current account holders 

gt94sss2

Bank of India UK now paying 5.4% on a 1 year fix

gt94sss2

Union Bank of India UK now offering 5.4% on a 1 year bond

TheWoodler

Union Bank of India: if you go to their website a pop-up banner announces the withdrawal of their internet banking facility with effect from Sept 2024 for current and savings account customers. 

It does say the Premier Bond is unaffected, but as that’s a savings account the withdrawal of the facility, which seems a retrograde step in this digital age, doesn’t inspire me with confidence. Not one for me.  

dcs34

A cutting of overhead costs whilst at the same time announcing a market-competitive rate to attract customer deposits doesn't scream financial abundance...

wiseonesomeofthetime

Nationwide email, trying to make this rate sound impressive 🤦‍♂️

"We are pleased to let you know that we have increased the rate on our one-year Fixed Rate Bond. When you open a new bond, you can get our best available fixed savings rate of 4.50% AER/gross a year for one year.

You are among the first to know about this new rate as a Nationwide member signed up to SavingsWatch."

Bazzalona13295

wiseonesomeofthetime said:

Nationwide email, trying to make this rate sound impressive 🤦‍♂️

"We are pleased to let you know that we have increased the rate on our one-year Fixed Rate Bond. When you open a new bond, you can get our best available fixed savings rate of 4.50% AER/gross a year for one year.

You are among the first to know about this new rate as a Nationwide member signed up to SavingsWatch."

They conveniently neglect to add 'we DID have an 18 month 5.5% rate but we pulled it'.

wiseonesomeofthetime

Bazzalona13295 said:

wiseonesomeofthetime said:

Nationwide email, trying to make this rate sound impressive 🤦‍♂️

"We are pleased to let you know that we have increased the rate on our one-year Fixed Rate Bond. When you open a new bond, you can get our best available fixed savings rate of 4.50% AER/gross a year for one year.

You are among the first to know about this new rate as a Nationwide member signed up to SavingsWatch."

They conveniently neglect to add 'we DID have an 18 month 5.5% rate but we pulled it'.

Oh I did grab that one

Middle_of_the_Road

Skipton BS.
1 year fixed rate membership bond. 5%

Opened this account and funded with the minimum £500.  As the last date for deposits is 07/08, was wondering if anyone who opened the account is considering adding further funds. 

If the BOE cut the base rate next week, the account would probably beat the top easy access rates, which no doubt will be reduced.

Bexx9

I've just signed up with Raisin with the intention of applying to GB Bank for 1 year at 5.26%, going through the process at the deposit page it says "Deposit amount. Please note, no further top-ups are permitted on fixed rate bonds once the account has been funded"

I take that to mean whatever I deposit at that time, is it. I can't add more, even immediately after?

If so, that's a shame, as I'd like to add 25k but my account max transfer is 20k. Better than nothing but I'd like to add the full amount.