Chelsea Building Society Fixed Rate Bond 6.90%

Milarky

meatandtwoveg wrote: »

I want to make the CHAPS transfer on the 25th March, its a Wednesday, would anyone advise on sending passbooks etc by next day special delivery, .i.e how long does it take the Chelsea to process this type of transaction from reciept of letter to day of CHAPS?

Just send your passbook now with your instructions. They will receive it in good time (post is reliable) and, since the bond has a maturity date, they can't make any 'mistakes' by closing it early for example.

Also remember that there will be lots of maturity instructions for the same date from other investors too.

Baldur

From past experience with Chelsea, you can send the letter/passbook at any time, from weeks/months in advance to a few working days in advance, giving explicit instructions regarding the date on which you wish the transaction to take place.

I have never used Recorded/Special Delivery when returning passbooks to Chelsea but you may feel that it offers you a level of security.

bristolleedsfan

claire07 wrote: »

Well I've got a Chelsea bond maturing 24th March and another 8th April. For the 8th April one they've offered me the PostSaver Advantage at 0.40 net(!)and nothing for the 24th March one. When I rang them up to ask they said they were still deciding follow on bond rates so I'm not holding out much hope for anything reasonable.

40.00 Tax Free Cashback + 3.6% One Year Fix, covered by UK Compensation scheme up to 50000

http://www.quidco.com/firstsave/

I applied last night via Quidco, payment is made by direct debit on a date stated by the customer after Firstsave have done appropriate checks and set up DD etc. First available date for funds to be taken by direct debit was 24th March, I picked 31 March so as to be certain I have cleared funds.

Worth sticking 1000.00 in, IMO for the 40.00 cashback + 3.6 One year rate.

Clear cookies before going to Quidco to be on safe side if anyone does it.

Now back to Chelsea BS, if it matures on 24th March,am I correct that withdrawal can be made on 24th March or does maturity interest get added at midnight on 24th March ?????????

baby_boomer

Nice one blf. A rare windfall in these troubled times .

meatandtwoveg

bristolleedsfan wrote: »

Now back to Chelsea BS, if it matures on 24th March,am I correct that withdrawal can be made on 24th March or does maturity interest get added at midnight on 24th March ?????????

It is a variable rate from midnight between the 24th March and the 25th March 2009.

bristolleedsfan

meatandtwoveg wrote: »

It is a variable rate from midnight between the 24th March and the 25th March 2009.

Are you saying earliest that withdrawal can be made is on 25th March ( Wednesday)

sheslookinhot

How does the cashback scheme work ?

Baldur

sheslookinhot wrote: »

How does the cashback scheme work ?

See http://www.quidco.com/help/

bristolleedsfan

sheslookinhot wrote: »

How does the cashback scheme work ?

Apply ( its assumed) for First Save fixed rate account with minimum 1000.00,via Quidco, clearing cookies first to be on the safe side, 40.00 Tax Free reward payment gets made by First Save to Quidco who pass it onto Customer minus 5.00 yearly admin fee if Customer hasnt previously earnt more than 5.00 in Quidco Cashback.

5.00 Quidco annual fee is easily recouped with profit by partaking in No Spend Cashback offers, here are a few examples.

http://www.quidco.com/lloyds-tsb-compare/

http://www.quidco.com/gocompare-com/

http://www.quidco.com/confused-com/

http://www.quidco.com/comparethemarket-com/

http://www.quidco.com/the-high-street-web/ ( 8p a day) x 365


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While Firstsave offer appears to be only available via Quidco, there are other Cashback Sites which operate on a similar basis, whilst some dont charge an annial fee personally I use many of them and believe important thing is whats made net from each of them. Topcashback, Cashback Kings and Getpoundsback are the better ones along with Quidco.

HMRC views such Cashback payments as rewards as opposed to earnings and therefore are not liable for Income Tax, exception being referral payment bonuses.

meatandtwoveg

bristolleedsfan wrote: »

Are you saying earliest that withdrawal can be made is on 25th March ( Wednesday)

Yes. A CHAPS on Wed 25th @35 quid a pop!