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northern rock paying 9.49% till March 1st !

shoi
shoi Posts: 168 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Savings & investments
If you had an account with them before all the fuss
Northern Rock are paying a 0.5% bonus on amoounts with them between Jan and March 1, which added to their 6.49% rate makes an amazing short term bonus, and of course it's 100% safe for any amount (unlike icici icebank etc)
small print http://www.northernrock.co.uk/savings/
«134

Comments

  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Well done the taxpayers then - were we asked..?

    ps 6.49 + 0.5 isn't really 9.49...
  • bristolleedsfan
    bristolleedsfan Posts: 12,795 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    i nearly had a heart attack when i saw thread heading. :rotfl:

    gonna be one of the most read posts. :rotfl:
  • The_Fiddler_2
    The_Fiddler_2 Posts: 565 Forumite
    bristolleedsfan wrote: »
    i nearly had a heart attack when i saw thread heading. :rotfl:

    gonna be one of the most read posts. :rotfl:

    Yup, your right, the header brought me in too :D
    Noobie (not so :D) trying to make loads a dosh - please bear with all my questions :beer: Thanks :D


  • Greycrow
    Greycrow Posts: 205 Forumite
    Part of the Furniture Combo Breaker
    I thought Santa had made a suprise return visit.
  • shoi
    shoi Posts: 168 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    ManAtHome wrote: »
    Well done the taxpayers then - were we asked..?

    ps 6.49 + 0.5 isn't really 9.49...

    Yes it is - it's 0.5% bonus for the 2 months of Jan and Feb, = 3% annual more or less, +6.49 = 9.49
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    shoi wrote: »
    Yes it is - it's 0.5% bonus for the 2 months of Jan and Feb, = 3% annual more or less, +6.49 = 9.49

    Sorry, but it is 0.5% bonus. I.e. 6.49 + 0.5% = 6.99%.
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    shoi wrote: »
    and of course it's 100% safe for any amount (unlike icici icebank etc)
    (my emphasis) Erm - no it's not. It's as safe as ICICI, IceSave.

    The unlimited guarantee only applies to funds that were with NR at the time, and this guarantee may be withdrawn with 6 months notice.

    All other funds are subject to the #35,000 limit that applies to other banks.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • derrick
    derrick Posts: 7,424 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Paul_Herring wrote: »
    (my emphasis) Erm - no it's not. It's as safe as ICICI, IceSave.

    The unlimited guarantee only applies to funds that were with NR at the time, and this guarantee may be withdrawn with 6 months notice.

    All other funds are subject to the #35,000 limit that applies to other banks.

    Not now;-

    "Shares in Northern Rock soared by 21% today after the government threw the bank another lifeline by protecting all its current and future savings accounts indefinitely."

    http://www.guardian.co.uk/business/2007/oct/09/politics.money
    Don`t steal - the Government doesn`t like the competition


  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    derrick wrote: »
    Not now;-

    "Shares in Northern Rock soared by 21% today after the government threw the bank another lifeline by protecting all its current and future savings accounts indefinitely."

    http://www.guardian.co.uk/business/2007/oct/09/politics.money
    That was October. I believe they later revoked the additional protection for anyone joining after some time in December (anyone else remember more clearly?), as it simply wasn't either economical or necessary any more.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Mikeyorks
    Mikeyorks Posts: 10,378 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    shoi wrote: »
    Yes it is - it's 0.5% bonus for the 2 months of Jan and Feb, = 3% annual more or less, +6.49 = 9.49

    Halifax have a 3 month fixed rate Web at 6.95%. A heading claiming, therefore 'Halifax pay 27.8%' (4x 6.95%) ...... would be wrong
    If you want to test the depth of the water .........don't use both feet !
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