The Top Fixed Interest Savings Discussion Area

Alpine_Star

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)

I've had 1 and 2 year fixes with them for a few years and not had an issue except their internal messaging system didn't work but they do respond to emails. If & when they accept applications for the 2 year at 5% I'll have a dabble but I'm holding off until December with most of the funds I have earmarked for fixes.

TomDolan

I opened the 4.75% fixed 1 yr with Dudley Bldg Soc but only sent a 1000 min deposit, thinking I will be able to fund further deposits. I was wrong !

Later in the day, I tried logging in several times but it came back with error '2FA security failed, contact us...", Rang them and they said keep trying.

Tried this morning and same error

Anyone has this issue ?

Will ring them today and request my 1k deposit back, not sure if the t&c allows it.

refluxer

TomDolan said:

I opened the 4.75% fixed 1 yr with Dudley Bldg Soc but only sent a 1000 min deposit, thinking I will be able to fund further deposits. I was wrong !

Later in the day, I tried logging in several times but it came back with error '2FA security failed, contact us...", Rang them and they said keep trying.

Tried this morning and same error

Anyone has this issue ?

Will ring them today and request my 1k deposit back, not sure if the t&c allows it.

Check the T&Cs - if there's a 14 day cooling-off period then you should be able to cancel the account and get your money back.
.

vickyholly

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

vickyholly

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

just rereading its actually an annual interest payment

t1redmonkey

vickyholly said:

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

just rereading its actually an annual interest payment

The 5 year one they have has a monthly interest option as well (I know because I opened one yesterday!).  Gatehouse are fine, I think quite a few on MSE probably have used them since they've been near the top of some of the 'best buy' tables for a while.  You get 30 days to fund their fixed rate accounts as well, so there's no harm in opening one and seeing what happens with other fixed rates in the next month or so before deciding whether or not to fund it.

easysaver

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

FYI:
https://www.fca.org.uk/news/press-releases/fca-fines-gatehouse-bank-1.5m-poor-anti-money-laundering-checks

I'm not suggesting this was an issue unique to Gatehouse (2014 - 2017).

Patr100

easysaver said:

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

FYI:
https://www.fca.org.uk/news/press-releases/fca-fines-gatehouse-bank-1.5m-poor-anti-money-laundering-checks

I'm not suggesting this was an issue unique to Gatehouse (2014 - 2017).

Yes, for example HSBC and Natwest were fined for relatively recent breaches of money laundering regs.
Not exactly inspiring if the big banks are still slack and they were never reallyfully  held to account for the 2008/9 crisis and bailouts, though that is another issue for other threads.

Expotter

TomDolan said:

I opened the 4.75% fixed 1 yr with Dudley Bldg Soc but only sent a 1000 min deposit, thinking I will be able to fund further deposits. I was wrong !

Later in the day, I tried logging in several times but it came back with error '2FA security failed, contact us...", Rang them and they said keep trying.

Tried this morning and same error

Anyone has this issue ?

Will ring them today and request my 1k deposit back, not sure if the t&c allows it.

I had the same issue with the 2 Factor Authentication Error; earlier today still not working, but now it has corrected itself. Spoke to CS and they said it has been an issue. Regarding the deposit, they said it has to be one payment, but after mentioning the bank transfer limit they said they would accept a 2nd payment on the following day. 
I don't think there is a cooling off period, on their T&C it says:
Please note: This right of cancellation does not apply to (i) fixed Interest rate Accounts (other than to a Fixed Rate Cash ISA)

Bigwheels1111

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

Just took most of my cash out of there easy access to fund Santandar 2.75% easy access.

The are very good, But if you can I would hold off fixing until late December and 2 more rate rises.

I was going to jump in at 5%, but expected that to be around December, but rates have gone up so soon I think I will hold out until february and 3 rises.

I would use, Atom,Gatehouse,Al Ryan,Ford money & Tandem Bank.

I have accounts with them all.