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Bond maturing today - will it be paid today?
Newly_retired
Posts: 3,268 Forumite
I have a fixed rate savings bond with Coventry BS which matures today. The final interest added is shown in my account. I have requested the whole amount be transferred out to my Santander current account today. Any idea whether this wil actually happen today?
Banks seem to have different ways of dealing with the weekend and Bank Holidays.
Banks seem to have different ways of dealing with the weekend and Bank Holidays.
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Comments
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I requested to withdraw a chunk from my Coventry Limited Access on Friday lunchtime, and it’s pencilled in for Tuesday 2nd May, so I’d assume your payment will also be next working day0
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I was wondering the same but mine is only showing the interest added in April 2022.Newly_retired said:I have a fixed rate savings bond with Coventry BS which matures today. The final interest added is shown in my account. I have requested the whole amount be transferred out to my Santander current account today. Any idea whether this wil actually happen today?
Banks seem to have different ways of dealing with the weekend and Bank Holidays.
I chose payment to a Coventry easy access account hoping it would be quicker than an external transfer.
As an aside, my email says I can amend my maturity instructions up to the end of 30th April. So I would not expect anything today.
A earlier email says payments to an external account will be there no later than the end of 3rd May.
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My maturing value was in my easy access account this morning.
I have requested a transfer to my nominated current account with their earliest date which is tomorrow.
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