📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Icesave Fixed Term Account

Options
I have just open this account but bit apprehensive sending the cheque. Can i pay directly via my own RBS bank?

Comments

  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    Why apprehensive - main problem is that you have to leave the dosh in your current account until cashed.

    You may be able to send a cheque for the minimum then transfer the rest, but I'd go for opening their savings account with a quid, then DD the money over, then transfer into the fixed-rate account.
  • martin_amery
    martin_amery Posts: 22 Forumite
    For the Icesave Fixed Term Account I seem to recall it's a one payment only account.
    So you pay your full investment in on day one.
    Martin
  • ScarletBea
    ScarletBea Posts: 2,921 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I don't have the new one yet, but for the old one I waited until they sent me the account number and then I transfered the money from my normal account. No checks involved.
    Being brave is going after your dreams head on
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ManAtHome wrote: »
    but I'd go for opening their savings account with a quid, then DD the money over, then transfer into the fixed-rate account.

    As soon as you have online access with a linked account, you can open a fixed rate bond directly with a DD from that account - it doesn't have to go through the savings account first.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.