The Top Fixed Interest Savings Discussion Area

TheWoodler

Yes, that’s another conflict in the Ts and Cs, isn’t it? 

As you say, I was guided by the Deposit definition of £1 and made a test payment of £10. It may not have met the threshold, but if there are two conflicts in their terms, then perhaps just as well my money isn’t going to them! Their interface is very simple with no payment facility - which surprised me. So first impressions not awfully favourable. 

Daliah

jimexbox said:

gwapenut said:

At the risk of contaminating this thread with useful information, here's a link to an account MSE News has highlighted.

Family Building Society 2-year tracker at base + 0.85%.

https://www.familybuildingsociety.co.uk/savings/bonds/product-detail/2-year-tracker-rate-bond-(11)

So strictly speaking it's as off-topic as much of the discussion, but I take the spirit of this thread to be more about guaranteed rates and/or limited or no access for a period of time and it fits here better than in the easy access thread,

That's an interesting savings option. Is 0.85% above base rates good or just okay?

May be not. 2.25% + 0.85% = 3.1%. You can easily get over 4% for a 2 year fix, max 4.33% atm. Granted, these are not trackers, so you might want to take a gamble. I am not tempted.

Pompeydave1967

I put a £1 then £2 tester with Newcastle , nothing showing. 

Then the £500 and that appeared this morning so I guess the smaller amounts bounced back.

alternate

The funding window is almost certainly still open for successful applicants.  With so many banks having daily transfer limits it seems highly unlikely everyone got their money in already.

Usually they are looking to raise a set amount of capital and they ask in the applicants how much you plan to invest and then when their target amount is pledged they shut to new customers.  If ppl fund a lot less than they said they would they can always do a new issue.

garyelder

If I can’t do a test payment I will not take it on
just opens up 1 year bond with investic  super service all opened up with a £1 tester now got 16k in there at 3.90% all within 40 minutes all online 

garyelder

My Newcastle acc I see have just put the £1 back into my bank account I think it’s because I have not had the code  to confirm my acc in which I believe comes through the post

ZeroSum

garyelder said:

My Newcastle acc I see have just put the £1 back into my bank account I think it’s because I have not had the code  to confirm my acc in which I believe comes through the post

I think they require the full £500.
Atom do something similar, in that if you try to do a tester of less than £50, it just won't accept it

TheWoodler

alternate said:

The funding window is almost certainly still open for successful applicants.  With so many banks having daily transfer limits it seems highly unlikely everyone got their money in already.

Usually they are looking to raise a set amount of capital and they ask in the applicants how much you plan to invest and then when their target amount is pledged they shut to new customers.  If ppl fund a lot less than they said they would they can always do a new issue.

Thanks - that’s very helpful.

Ocelot

You can currently get 4.33% on a 2 year FRB (Smartsave) and 4.1% on a 2 year FR ISA (Newcastle).

gwapenut

Daliah said:

jimexbox said:

gwapenut said:

At the risk of contaminating this thread with useful information, here's a link to an account MSE News has highlighted.

Family Building Society 2-year tracker at base + 0.85%.

https://www.familybuildingsociety.co.uk/savings/bonds/product-detail/2-year-tracker-rate-bond-(11)

So strictly speaking it's as off-topic as much of the discussion, but I take the spirit of this thread to be more about guaranteed rates and/or limited or no access for a period of time and it fits here better than in the easy access thread,

That's an interesting savings option. Is 0.85% above base rates good or just okay?

May be not. 2.25% + 0.85% = 3.1%. You can easily get over 4% for a 2 year fix, max 4.33% atm. Granted, these are not trackers, so you might want to take a gamble. I am not tempted.

Really, do you seriously not think the base rate will average 1.25% more than today's rate over the course of the next 2 years?

I'd have thought 4.33% would be towards the bottom end of expectations