The Top Fixed Interest Savings Discussion Area

karlie88

Patr100 said:

karlie88 said:

Dudley BS 1 year 4.75%

https://www.hotukdeals.com/deals/475-aer-one-year-fixed-rate-fixed-rate-bond-minimum-deposit-ps1000-4011623

 No further deposits may be made during the one year term once the initial investment has been made.

Not clear how long you have to fund  it  . If they expect you to make one single deposit and just that, I'm out.

I'm pretty sure you'll have a few days to fund it. Majority of banks have daily payment limits so if you were to hypothetically fund with £85k then it'd be difficult to fund in one ago unless via chaps etc.

Agree it's worded poorly.

art123_2

According to the Dudley website, the 1 year fixed rate bond at 4.75%, is now closed

karlie88

art123_2 said:

According to the Dudley website, the 1 year fixed rate bond at 4.75%, is now closed

Available again.

Expotter

Patr100 said:

karlie88 said:

Dudley BS 1 year 4.75%

https://www.hotukdeals.com/deals/475-aer-one-year-fixed-rate-fixed-rate-bond-minimum-deposit-ps1000-4011623

 No further deposits may be made during the one year term once the initial investment has been made.

Not clear how long you have to fund  it  . If they expect you to make one single deposit and just that, I'm out.

I've been told by CS that you have 30 days to fund it, but it has to be all in one payment

Patr100

Expotter said:

Patr100 said:

karlie88 said:

Dudley BS 1 year 4.75%

https://www.hotukdeals.com/deals/475-aer-one-year-fixed-rate-fixed-rate-bond-minimum-deposit-ps1000-4011623

 No further deposits may be made during the one year term once the initial investment has been made.

Not clear how long you have to fund  it  . If they expect you to make one single deposit and just that, I'm out.

I've been told by CS that you have 30 days to fund it, but it has to be all in one payment

How silly. They apparently don't want bigger savers up to the 85k limit unless you want to trust a single payment above your bank's daily Faster Payments limit (ie may need to  make further arrangements with your bank to clear it ). The only good thing about that offer is the rate may prompt others to begin matching

wiseonesomeofthetime

I'll pass. 

Would not risk a five figure sum going astray tbh. 

Though attention to detail would of course reduce that likelihood 🤔

bristolleedsfan

Patr100 said:

Expotter said:

Patr100 said:

karlie88 said:

Dudley BS 1 year 4.75%

https://www.hotukdeals.com/deals/475-aer-one-year-fixed-rate-fixed-rate-bond-minimum-deposit-ps1000-4011623

 No further deposits may be made during the one year term once the initial investment has been made.

Not clear how long you have to fund  it  . If they expect you to make one single deposit and just that, I'm out.

I've been told by CS that you have 30 days to fund it, but it has to be all in one payment

How silly. They apparently don't want bigger savers up to the 85k limit unless you want to trust a single payment above your bank's daily Faster Payments limit (ie may need to  make further arrangements with your bank to clear it ). The only good thing about that offer is the rate may prompt others to begin matching

I think the idea would be to open multiple fixed term bond accounts

P11D

Patr100 said:

Expotter said:

Patr100 said:

No further deposits may be made during the one year term once the initial investment has been made.

Not clear how long you have to fund  it  . If they expect you to make one single deposit and just that, I'm out.

I've been told by CS that you have 30 days to fund it, but it has to be all in one payment

How silly. They apparently don't want bigger savers up to the 85k limit unless you want to trust a single payment above your bank's daily Faster Payments limit (ie may need to  make further arrangements with your bank to clear it ). The only good thing about that offer is the rate may prompt others to begin matching

I spoke to DBS. Yes 1 lump sum only. They said however if you ask your bank to transfer it via Faster Payments they will go most likely agree to go over your normal £25k daily limit without a charge. I will phone up and see if thats the case with

Steve_xx

wiseonesomeofthetime said:

I'll pass. 

Would not risk a five figure sum going astray tbh. 

Though attention to detail would of course reduce that likelihood 🤔

I agree. Though a way around the problem might be to open an easy access account with them first. Then send a small amount to that as a test, before sending the bulk to the easy access account, and then make an internal transfer to the bond!

hallmark

Coventry have withdrawn all their Fixed-rate ISAs.  Going by their usual pattern they'll release a new bunch this week. They're usually pretty competetive.