NS&I Income Bond

2stixoftwixes

Looking to open one of these up, but before I start how do I fund it?

I have a large sum of money sitting in a zopa account, which would then be transferred to a current account

I vaguely remember that NS&I didn't allow BACS or open banking, so the only way to fund is by debit card, can anyone confirm if this is still the case?

also is there a window to allow funding or would it be multiple accounts needed

Thanks

refluxer

You have to fund NS&I Guaranteed Income Bonds either by a single debit card payment or by an internal transfer from another NS&I account (eg. their Direct Saver).

There is no funding window (hence the single payment) but there is nothing to stop you opening multiple bonds if your debit card spending limit is an issue. 

ColdIron

Do you mean the Guaranteed Income bond? Income bonds only pay 3.65%. Debit card or transfer from a direct saver only. Direct saver allows bank transfer or open banking
No funding window but you can buy multiple bonds with no problems

2stixoftwixes

I meant the Guaranteed Income Bonds, 
Thanks I thought that was the case of funding and time window

VKE

I wanted to use £150,000 so I broke it down to 6x  £25,000 bonds done over 3 days and had no issues with bank or debit card transactions but I made sure that I accurately noted and double checked the NS&I GGB account no's.

I was promptly sent email receipts for debit card transactions and shortly afterwards received emails letting me know I'd been sent secure messages confirming account details