NS&I Guaranteed Income Bond

subjecttocontract

But for those who are depositing £10,000 Raisin offers an additional £14.
........and this is a money saving website.

guli

subjecttocontract said:

But for those who are depositing £10,000 Raisin offers an additional £14.
........and this is a money saving website.

additional £14? which website?

refluxer

guli said:

subjecttocontract said:

But for those who are depositing £10,000 Raisin offers an additional £14.
........and this is a money saving website.

additional £14? which website?

New Raisin customers can get £25 cashback when depositing £10,000 or more.

You can find information on this via the appropriate links in the MSE Top 1 Year Fixed rate table here : https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#1yrfixed

ortolickus

To return to the subject of the thread, it's useful to understand the arcane nature of the NS&I Guaranteed Income Bond depositing procedure. Before I read it, I spent some time trying to figure out how to add to my original investment, so thanks for that.

This morning on TV Martin Lewis was talking about the technique of opening accounts to 'bag' a good rate but not funding it if a better rate turned up. (A technique i've used shamelessly over the past year or so). He then went on to recommend NSandI bond at 6.2%, which ironically is the only one (i know of) that you cannot apply this method to! To be fair, he didn't explicitly link the two topics.

poppystar

ortolickus said:

To return to the subject of the thread, it's useful to understand the arcane nature of the NS&I Guaranteed Income Bond depositing procedure. Before I read it, I spent some time trying to figure out how to add to my original investment, so thanks for that.

This morning on TV Martin Lewis was talking about the technique of opening accounts to 'bag' a good rate but not funding it if a better rate turned up. (A technique i've used shamelessly over the past year or so). He then went on to recommend NSandI bond at 6.2%, which ironically is the only one (i know of) that you cannot apply this method to! To be fair, he didn't explicitly link the two topics.

Well, you can’t not fund it as effectively you are purchasing a bond rather than opening an account but AIUI there is a 30 day window to close the investment before you are locked in. I suspect this is what he was referring to - open now and if other interest rates rise within that time period then bail on it.