The Top Fixed Interest Savings Discussion Area

janusdesign

Dudley BS 1-Yr 4.75% fix has now definitely been withdrawn.

https://www.dudleybuildingsociety.co.uk/savings/existing-customers/historic-rates/

Expotter

Never heard of them,  but JN Bank is offering a 1 year fixed at 4.75% and 2 year at 5% (fscs protected)

janusdesign

Expotter said:

Never heard of them,  but JN Bank is offering a 1 year fixed at 4.75% and 2 year at 5% (fscs protected)

• Transfer at least £100 within 14 days of opening a 1 Year Term, or £1,000 within 14 days of opening a 15 Month, 2, 3, 4, 5 Year Term

Please note: interest is paid annually; there is no early withdrawal entitlement; the account must be opened in sole name only;

* You can only make a maximum of 11 deposits of at least £100; which must be within 14 days, otherwise it will be automatically closed. (applies to 1-yr fix)

** You can only make a maximum of 11 deposits of at least £1,000; which must be within 14 days, otherwise it will be automatically closed. (applies to the other fixed terms)

intalex

I imagine some of these banks will be withdrawing accounts on the basis of new applicants' "pledged" deposit amounts, whereas some (many?) people are merely opening accounts with deposit windows as "options" without actually rushing any funds in...

youngretired

I've opened the Dudley 4.75% 1yr Fixed and sent the funds today (I double checked the details numerous times just to make sure correct). I won't know until tomorrow if it was received OK - HOW CAN I CHECK A PAYMENT HAS BEEN RECEIVED?
If you are registered for our Online Service, you can check to see whether your payment has been received (please allow 24 hours).

art123_2

I see JN Bank are offering 5% on a 2 year fixed bond with a minimum £1000 deposit, and a 14 day window to fund it.  I was initially put off with mse stating that interest was payable at maturity, but after checking the JN website, the interest is paid annually, which totally changes things for me.  Has anyone heard of JN?  I suppose the main thing is that you're covered up to £85,000.

StayinAlive

JN Bank have "temporarily paused savings applications".

Quelle surprise.

alternate

Keep your powder dry boys and girls.  That elusive beast, the 1 year 5% fix, is within sniffing distance.  Before the end of the month, guaranteed or your money back!

FishInGlass

StayinAlive said:

JN Bank have "temporarily paused savings applications".

Quelle surprise.

They didn't help themselves either when the link to the FSCS document required to be downloaded before proceeding didn't work for me and I had to phone customer services to proceed. No email re account opening yet either but I can see the details of my new account if I log on. I am waiting for a Zopa pot to mature tomorrow anyway so seems like it is worth hanging on until then.

alternate

cricidmuslibale said:

alternate said:

Keep your powder dry boys and girls.  That elusive beast, the 1 year 5% fix, is within sniffing distance.  Before the end of the month, guaranteed or your money back!

Hmm…We’ll see! I just have an inkling that we may have to wait until just after the Bank of England raises the base rate on November 3 for the 5% 1 year fix to arrive. At least I believe that will be the case for fixes from well known banks and building societies.

Ok I will agree that maybe e.g. a small challenger bank or a small building society that only offers its best interest rates to locals will push the boat out to a 5% fix for 1 year by the end of this month.

Everyone knows it is coming so one bank is going to price it in before the meeting and hope to hoover up some deposits.