The Top Fixed Interest Savings Discussion Area

qsk

emma1868 said:

t1redmonkey said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

Thanks for your reply, t1redmonkey. Yes, I noticed the quirk about the deposit but I thought it might be in case the bond went NLA and was replaced by a lower rate so you would receive that rate instead. I'm just guessing as there is nothing to suggest what rate you would receive if you did delay funding. For anyone interested,it is a 1 year bond. Thanks, Emma

Thanks for both. I just opened it. The term and condition says you have 14 days to pay into the account. Only problem is that my debit card payment was rejected and fast payment was blocked (by Lloyds). Had to spend 30min to talk to fraud team to get payment through.

soulsaver

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

Online accounts - Progressive Building Society (theprogressive.com)

fonesaver

soulsaver said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

Online accounts - Progressive Building Society (theprogressive.com)

It's only visible when you login I think

janusdesign

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

https://theprogressive.com/savings/online-savings/online-1-year-fixed-rate-bond-issue-4

emma1868

Progressive Building Society 5.2% 1 year fixed rate

Thanks to everyone who posted links. For anyone not following the link, the bond can be found under the on line savings section of the Progressive website.

MarkFromCornwall

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. 

....

 Has anyone else opened and funded this account? Thanks, Emma.

I have now!  Good find.  Thank you Emma.

trickydicky14

qsk said:

emma1868 said:

t1redmonkey said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

Thanks for your reply, t1redmonkey. Yes, I noticed the quirk about the deposit but I thought it might be in case the bond went NLA and was replaced by a lower rate so you would receive that rate instead. I'm just guessing as there is nothing to suggest what rate you would receive if you did delay funding. For anyone interested,it is a 1 year bond. Thanks, Emma

Thanks for both. I just opened it. The term and condition says you have 14 days to pay into the account. Only problem is that my debit card payment was rejected and fast payment was blocked (by Lloyds). Had to spend 30min to talk to fraud team to get payment through.

The T&C say you have 14 days to pay in 'additional' payments but implies you still have to make a payment on opening. Have I read that correctly.

qsk

trickydicky14 said:

qsk said:

emma1868 said:

t1redmonkey said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

Thanks for your reply, t1redmonkey. Yes, I noticed the quirk about the deposit but I thought it might be in case the bond went NLA and was replaced by a lower rate so you would receive that rate instead. I'm just guessing as there is nothing to suggest what rate you would receive if you did delay funding. For anyone interested,it is a 1 year bond. Thanks, Emma

Thanks for both. I just opened it. The term and condition says you have 14 days to pay into the account. Only problem is that my debit card payment was rejected and fast payment was blocked (by Lloyds). Had to spend 30min to talk to fraud team to get payment through.

The T&C say you have 14 days to pay in 'additional' payments but implies you still have to make a payment on opening. Have I read that correctly.

Well, I am not sure. Given that the debit card payment is rejected and fast payment is not instant (I paid in the morning - it is yet shown in my account), I don't know how they can enforce that.

Sea_Shell

Who's considering longer than 1 year fixes.

I know it's a guessing game, but who's going for 5 year fixes?

(Assuming of course you are able to fix for longer than a year)

trickydicky14

qsk said:

trickydicky14 said:

qsk said:

emma1868 said:

t1redmonkey said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

Thanks for your reply, t1redmonkey. Yes, I noticed the quirk about the deposit but I thought it might be in case the bond went NLA and was replaced by a lower rate so you would receive that rate instead. I'm just guessing as there is nothing to suggest what rate you would receive if you did delay funding. For anyone interested,it is a 1 year bond. Thanks, Emma

Thanks for both. I just opened it. The term and condition says you have 14 days to pay into the account. Only problem is that my debit card payment was rejected and fast payment was blocked (by Lloyds). Had to spend 30min to talk to fraud team to get payment through.

The T&C say you have 14 days to pay in 'additional' payments but implies you still have to make a payment on opening. Have I read that correctly.

Well, I am not sure. Given that the debit card payment is rejected and fast payment is not instant (I paid in the morning - it is yet shown in my account), I don't know how they can enforce that.

Well I would think if your new account is open and showing online all be it with a zero balance I would think you are home and dry.