Banks for 12 months bond

gt94sss2

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

LHV have focused commercial lending since entering the UK market in 2018.

They only started offering bank accounts directly to personal customers within the last year. 

mills112

subjecttocontract said:

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

I take all my fixed rate bonds through either the Raisin or HL platforms. LHV are currently offering a 1 year fixed bond but there are other better rates on offer. I'd suggest that whilst they are not at or near the top there won't be many takers and consequently no posts. 

i haven't used raisin and not keen on it but i have used HL and it used to offer slightly better interest than going direct to the banks or at least the same.  all the interest rates on 1 year bond now are slightly lower for most of the banks so i think HL is getting a bigger cut from the interest dished out.

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

eskbanker

mills112 said:

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

What's the basis of your concern here?

poseidon1

mills112 said:

subjecttocontract said:

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

I take all my fixed rate bonds through either the Raisin or HL platforms. LHV are currently offering a 1 year fixed bond but there are other better rates on offer. I'd suggest that whilst they are not at or near the top there won't be many takers and consequently no posts. 

i haven't used raisin and not keen on it but i have used HL and it used to offer slightly better interest than going direct to the banks or at least the same.  all the interest rates on 1 year bond now are slightly lower for most of the banks so i think HL is getting a bigger cut from the interest dished out.

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

Not wishing to be presumptuous, but if you do have concerns about the security of your monies, in exchange for foregoing a modest 0.2% or so of annual interest, would NSI guranteed growth bonds below be more reassuring for you? -

https://www.nsandi.com/products/guaranteed-growth-bonds

mills112

eskbanker said:

mills112 said:

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

What's the basis of your concern here?

duff banks won't give your money back when they are supposed to!  and i don't want the hassle of having to chase them for the money.  they can also block your account and it takes a lot of efforts to get your money back from them.

just read reviews on banks on trustpilot and you will see where things can go wrong with the wrong banks.  i once got my account locked with capitalone savings and they wouldn't answer any queries and just put the phone down when i called.  i needed the money to complete on a house so it was very stressful.

i had to raise a complaint and they eventually said it was an "adminstrative error" and released the money.  that took a month. same thing happened with santander.  so i only going to put money with a bank where i hear people say they have never had any issues with them.

mills112

poseidon1 said:

mills112 said:

subjecttocontract said:

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

I take all my fixed rate bonds through either the Raisin or HL platforms. LHV are currently offering a 1 year fixed bond but there are other better rates on offer. I'd suggest that whilst they are not at or near the top there won't be many takers and consequently no posts. 

i haven't used raisin and not keen on it but i have used HL and it used to offer slightly better interest than going direct to the banks or at least the same.  all the interest rates on 1 year bond now are slightly lower for most of the banks so i think HL is getting a bigger cut from the interest dished out.

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

Not wishing to be presumptuous, but if you do have concerns about the security of your monies, in exchange for foregoing a modest 0.2% or so of annual interest, would NSI guranteed growth bonds below be more reassuring for you? -

https://www.nsandi.com/products/guaranteed-growth-bonds

it's not so much security of the money as they are all protected by the FSCS, up to 120k, but about their service.  some banks can have very poor customer service and don't sort things out if there is a problem.  as mentioned in my previous comment.

i did note that the NSI seems to have a reasonable bond but I had bonds with them before and don't really want to go back there as their systems is like a dinasaur.

always interested in new banks, if they offer decent service.

eskbanker

mills112 said:

eskbanker said:

mills112 said:

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

What's the basis of your concern here?

duff banks won't give your money back when they are supposed to!  and i don't want the hassle of having to chase them for the money.  they can also block your account and it takes a lot of efforts to get your money back from them.

just read reviews on banks on trustpilot and you will see where things can go wrong with the wrong banks.  i once got my account locked with capitalone savings and they wouldn't answer any queries and just put the phone down when i called.  i needed the money to complete on a house so it was very stressful.

i had to raise a complaint and they eventually said it was an "adminstrative error" and released the money.  that took a month. same thing happened with santander.  so i only going to put money with a bank where i hear people say they have never had any issues with them.

Sounds like some unfortunate issues, but unlikely to be particularly representative - good luck if you're hoping to find a bank where nobody has ever reported similar!

subjecttocontract

A decent service can be variable, quite subjective, and subject to change especially if you are looking for someone who not only has an account but has also had a problem. 

Middle_of_the_Road

mills112 said:

subjecttocontract said:

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

I take all my fixed rate bonds through either the Raisin or HL platforms. LHV are currently offering a 1 year fixed bond but there are other better rates on offer. I'd suggest that whilst they are not at or near the top there won't be many takers and consequently no posts. 

i haven't used raisin and not keen on it but i have used HL and it used to offer slightly better interest than going direct to the banks or at least the same.  all the interest rates on 1 year bond now are slightly lower for most of the banks so i think HL is getting a bigger cut from the interest dished out.

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

You're probably better sticking with HL as the unpredictable service of fintech banks or the stone age systems running at traditional institutions don't seem to meet your requirements.

mills112

Middle_of_the_Road said:

mills112 said:

subjecttocontract said:

mills112 said:

subjecttocontract said:

LHV. Established 2009. Operates in UK & Estonia. 

not heard anyone say anything about LHV yet, so will wait to see if anyone has an account with them.

I take all my fixed rate bonds through either the Raisin or HL platforms. LHV are currently offering a 1 year fixed bond but there are other better rates on offer. I'd suggest that whilst they are not at or near the top there won't be many takers and consequently no posts. 

i haven't used raisin and not keen on it but i have used HL and it used to offer slightly better interest than going direct to the banks or at least the same.  all the interest rates on 1 year bond now are slightly lower for most of the banks so i think HL is getting a bigger cut from the interest dished out.

i am therefore starting to look at direct savings with the banks themselves but i need to check that they are good to give your money back at maturity!

You're probably better sticking with HL as the unpredictable service of fintech banks or the stone age systems running at traditional institutions don't seem to meet your requirements.

HL active savings is very good.  I have had savings through them with a few banks and the money is always paid on maturity without any issues.  HL is a big client so these banks will pay attention to them else they lose a big client.  Little person down the street opening an account with them isn't going to be so important, hence my hesitation with opening a savings account with banks i have not heard of before, even if i have heard of them on HL active savings.

The highest 12 months savings payer on the MSE site is investec, LHV, vanquis and DF capital, so i am interested to hear from people who have had savings with these banks.