Notice Accounts

cloud_dog

DF Capital 90 day Notice has been increased to 3.15%.

This has been commented on another thread somewhere but I couldn't track that one down.

Also for reference if you hold an older 90 day 2.8% account, if you contact them they will migrate your 90 days account in to the new 3.15% account.

Rheumatoid

cloud_dog said:

DF Capital 90 day Notice has been increased to 3.15%.

This has been commented on another thread somewhere but I couldn't track that one down.

Also for reference if you hold an older 90 day 2.8% account, if you contact them they will migrate your 90 days account in to the new 3.15% account.

Looks interesting but if they reduce the rate are you stuck with your money at the lower rate for 90 days until you can get your money out?

janusdesign

i'll post this before I forget, but a couple of months ago when I was first looking at Oxbury, I was chatting to one of their agents asking if rate increases are automatically passed on to existing issues and was told "sometimes" - not very helpful.

I then asked if when a new issue was released that had a higher rate, whether I could open and transfer the existing balance to it... they said not without giving the 90-day notice, but they would waive the notice period if I was transferring to a new longer-notice account (e.g 120 or 180-day)... perhaps someone with more experience of Oxbury could confirm whether that is the case in practice.

10_66

janusdesign said:

i'll post this before I forget, but a couple of months ago when I was first looking at Oxbury, I was chatting to one of their agents asking if rate increases are automatically passed on to existing issues and was told "sometimes" - not very helpful.

I then asked if when a new issue was released that had a higher rate, whether I could open and transfer the existing balance to it... they said not without giving the 90-day notice, but they would waive the notice period if I was transferring to a new longer-notice account (e.g 120 or 180-day)... perhaps someone with more experience of Oxbury could confirm whether that is the case in practice.

I asked similar question a couple of weeks ago, and someone said they don't tend to pass on rate increases (though a variable account).  I held on for a couple of weeks, but as nothing better came along, I took the plunge and added to it.

ForumUser7

The new Principality rates have been released. Some of the rows are incorrect I believe, including the First Home Saver Issue 3 rate. Therefore perhaps take it with a pinch of salt, but seeing as it is official marketing communication I figured it deserved a post.

*EDIT* I've noticed this document is named 'Savings Rate Change Branch Notice September' despite being headed November

isasmurf

Rheumatoid said:

cloud_dog said:

DF Capital 90 day Notice has been increased to 3.15%.

This has been commented on another thread somewhere but I couldn't track that one down.

Also for reference if you hold an older 90 day 2.8% account, if you contact them they will migrate your 90 days account in to the new 3.15% account.

Looks interesting but if they reduce the rate are you stuck with your money at the lower rate for 90 days until you can get your money out?

No. Banks must give reasonable notice, taking into account the notice period, before applying any change to interest rates that is to your disadvantage, provided the balance of the account is at least £100. 

Reasonable notice is regarded as 14 days. Taking into account the notice period for a 90 day account would mean 104 days notice must be given.

ForumUser7

Hinckley and Rugby Building Society Savings Account Rate Changes (Effective 2nd December):

https://www.hrbs.co.uk/saving-info/savings-rates/

*IMPORTANT NOTE*: Although some of their accounts like the Regular Saver 30 Day Notice and 90 Day Notice Cash ISA offer good rates, they are 'not looking at online transactions at present' so 'withdrawals would need to be sent in the post or brought into one of our branch/agency offices'. I don't have a comprehensive list for which accounts they provide stationary for, but for the Regular Saver at least, 'prepaid envelopes are not provided for this account type'. This means if we want to make withdrawals, we either have to live near a branch, or give 30 days notice and pay for postage. These conditions may be fine for some people, but it may put others off - imo, if I lived near a branch I would open it, but I don't so until online withdrawals are possible, or prepaid envelopes are provided it is one I won't be opening, even at the rate it will be from 2nd December.

ForumUser7

Bath Building Society Rate Changes (Effective 1st December):

Find out how your savings account's interest rate will change: https://www.bathbuildingsociety.co.uk/personal-savings/accounts/view-all-interest-rates/

Customers may get emails later in the day confirming the new rates, but thought I'd post them seeing as they are on the website already.

t1redmonkey

3.5% 120 day account from Stafford Railway BS that you can apply for online: https://srbs.co.uk/savings/detail/notice-120-account

Minimum £5k balance and you need to write in to give notice though.

jimexbox

t1redmonkey said:

3.5% 120 day account from Stafford Railway BS that you can apply for online: https://srbs.co.uk/savings/detail/notice-120-account

Minimum £5k balance and you need to write in to give notice though.

I think write in could just be an email rather than pen and paper. Good find, I'll definitely consider it.