Gatehouse ?

Bigwheels1111

CooperSF said:

I presume expected profit is paid monthly on the date of opening the account?

Mine is paid on the 1st of the month.

steveksullivan

CooperSF said:

I presume expected profit is paid monthly on the date of opening the account?

I presume so as well, since it does specify that for annual interest and you would expect them to be consistent ..... I'm sure someone will be along in two ticks to confirm.....!!

steveksullivan

Bigwheels1111 said:

CooperSF said:

I presume expected profit is paid monthly on the date of opening the account?

Mine is paid on the 1st of the month.

Ah ! Maybe not then ....!! Their website does state anniversary payment for annual accounts, so thought it reasonable to assume the same for EA accounts ....

TomDolan

I opened the 2 yr fixed bond (4.8%) yesterday, sent the opening deposit of 1k which is now on the account.

how long do i have to send further funds to this account as I can't see it in the anywhere ?

steveksullivan

TomDolan said:

I opened the 2 yr fixed bond (4.8%) yesterday, sent the opening deposit of 1k which is now on the account.

how long do i have to send further funds to this account as I can't see it in the anywhere ?

Right at the top of this thread I asked the same question .... and was told 30 days (for the 1 yr Bond anyway....)

Guess its the same ....??

t1redmonkey

TomDolan said:

I opened the 2 yr fixed bond (4.8%) yesterday, sent the opening deposit of 1k which is now on the account.

how long do i have to send further funds to this account as I can't see it in the anywhere ?

It looks like 30 days to make your initial deposit, but I agree it's not 100% clear if that changes once you make your first deposit.  Would think it remains the same but not sure.

noh

TomDolan said:

I opened the 2 yr fixed bond (4.8%) yesterday, sent the opening deposit of 1k which is now on the account.

how long do i have to send further funds to this account as I can't see it in the anywhere ?

Their FAQs say

"Fixed Term Deposits (including Fixed Term Cash ISAs)

For fixed term deposits, if you make your initial deposit by bank transfer, you can send it in installments as long as we receive them all within a 5 working day period, and as long as we have the full deposit within 30 days of your application.

If you send your initial deposit by cheque, we can’t accept installments, so we need the full amount in one cheque. We can’t accept a combination of cheque and bank transfer.

Once the initial deposit is in your account (either in one go or installments) you can’t make any more deposits for the term of the account."

steveksullivan

noh said:

For fixed term deposits, if you make your initial deposit by bank transfer, you can send it in installments as long as we receive them all within a 5 working day period, and as long as we have the full deposit within 30 days of your application.

Thats explicit!

So if you might want to jump ship if any better rate comes along, you wouldnt even start to fund it for 20ish days and then make sure you get all your money in within 5 days. (20ish days to allow some time to fix any AML blocked payments .....)

TomDolan

i am on the call to them now, waiting to be put through..

steveksullivan

TomDolan said:

i am on the call to them now, waiting to be put through..

Let us know ....?!?!?