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NS&I Guaranteed Income Bonds
Heytheremrblue
Posts: 81 Forumite
Anyone know of any similar products that will give me at least an equivalent fixed rate ( over 2 years ) with the interest paid monthly ?
Another question for people who have purchased these bonds.
When you open the account how do you make the purchase ?
Apparently my bank has a 24 hour £20k limit.
Do you have to make an immediate purchase when setting up or can you go to a local branch and do a Chaps transfer after a few days ?
Another question for people who have purchased these bonds.
When you open the account how do you make the purchase ?
Apparently my bank has a 24 hour £20k limit.
Do you have to make an immediate purchase when setting up or can you go to a local branch and do a Chaps transfer after a few days ?
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Comments
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Usually you would use your debit card at account opening, there is no funding window. You can send them a cheque or transfer from an NS&I Direct Saver. VISA or Mastercard may have a higher limit than your bank for payments. You could accumulate the cash in a Direct Saver and buy in one go or open multiple bonds over a few days1
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You can buy several of these bonds, or you can transfer funds over several days from your bank account to an NS&I Direct Saver, and then move the funds from the Direct Saver to the Income Bond in one go. That is, if the Income Bond is still available.
You could also make a CHAPS transfer but banks do usually charge for CHAPS.
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Do you bank with Barclays? You can set-up Chaps payments online/in the app and they're free. There's a fee to cancel them, though.Heytheremrblue said:Anyone know of any similar products that will give me at least an equivalent fixed rate ( over 2 years ) with the interest paid monthly ?
Another question for people who have purchased these bonds.
When you open the account how do you make the purchase ?
Apparently my bank has a 24 hour £20k limit.
Do you have to make an immediate purchase when setting up or can you go to a local branch and do a Chaps transfer after a few days ?2 -
Not yet but probably soonwmb194 said:
Do you bank with Barclays? You can set-up Chaps payments online/in the app and they're free. There's a fee to cancel them, though.Heytheremrblue said:Anyone know of any similar products that will give me at least an equivalent fixed rate ( over 2 years ) with the interest paid monthly ?
Another question for people who have purchased these bonds.
When you open the account how do you make the purchase ?
Apparently my bank has a 24 hour £20k limit.
Do you have to make an immediate purchase when setting up or can you go to a local branch and do a Chaps transfer after a few days ?
I was looking at their fixed rate ISA's ! 0 -
Well that was a bit weird ! Sent a cheque to NS&I yesterday Special Delivery next day before 1pm and it was delivered and signed for at 4:20 am !0
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