Notice Accounts

10_66

Thirty9 said:

I'm still waiting for the confirmation email - I've never had to wait so long to lend my money before!

Thirty9, did you ever receive confirmation email from Investec?  I applied but I'm not sure whether I didn't receive an email because of my ID photos, or whether this is just their normal procedure and they don't open accounts immediately as some other organisations do.

Thirty9

10_66 said:

Thirty9 said:

I'm still waiting for the confirmation email - I've never had to wait so long to lend my money before!

Thirty9, did you ever receive confirmation email from Investec?  I applied but I'm not sure whether I didn't receive an email because of my ID photos, or whether this is just their normal procedure and they don't open accounts immediately as some other organisations do.

After two days, I received an email from them asking for more details. I replied and the account opened soon after.

NameWithheld

Shawbrooke have increased their 120 day notice account to 2.06%. The good thing about this is that they have. Increased all previous issues of this account to the same rate

movingon

I can confirm that if you open the Oak North notice account and give notice, then the amount you specify will be withdrawn to your nominated account on the notice date. If you then add more funds at a later date "a la Zopa", your notice period starts again, ie you have to give notice again.

Thirty9

With Oak North, after I gave notice on my full amount, I then had to give notice for each amount of interest they paid each month. Do other banks do that?

Expotter

Zopa doesn't, don't know about others. But at the moment their rates are lagging behind, so if they don't keep up, I'll soon be looking elsewhere.

Burcot

Have opened the ZOPA boosted savings with 1.6% interest rate - it has a 31 day notice period.  I put in a lot more than £50k into it. 
I have since noticed the account if for £1 to £50k.  I have tried a number of times to contact ZOPA to clarify if my money over £50k will get the 1.6% interest.  I have not been able to get through and no email option to answer the direct question.   If I do not receive the 1.6% for money over £50 I will move the excess to another account.  Can anyone help with this please? 

Rollinghome

Burcot said:

Have opened the ZOPA boosted savings with 1.6% interest rate - it has a 31 day notice period.  I put in a lot more than £50k into it. 
I have since noticed the account if for £1 to £50k.  I have tried a number of times to contact ZOPA to clarify if my money over £50k will get the 1.6% interest.  I have not been able to get through and no email option to answer the direct question.   If I do not receive the 1.6% for money over £50 I will move the excess to another account.  Can anyone help with this please? 

It shows the limit that applies to you under manage/account info. Does £50k apply to you? For some it's £85k.

Burcot

Rollinghome - will have a look now.  

NameWithheld

Thirty9 said:

With Oak North, after I gave notice on my full amount, I then had to give notice for each amount of interest they paid each month. Do other banks do that?

And then you'll have to give notice for the interest on the interest. The Hotel California Bank.