Mrs Bear Posted December 5, 2009 Share Posted December 5, 2009 (edited) Anyone else with a bond coming up soon may be interested. Letter about mine (1 year 4.2% growth maturing 18th Dec) ) arrived today. Rollover rate is 3.95% gross. Given that new 1 and 2 year bonds have recently been withdrawn, I was expecting considerably less. Edited December 5, 2009 by Mrs Bear Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted December 5, 2009 Share Posted December 5, 2009 Anyone else with a bond coming up soon may be interested. Letter about mine (1 year 4.2% growth maturing 18th Dec) ) arrived today. Rollover rate is 3.95% gross. Given that new 1 and 2 year bonds have recently been withdrawn, I was expecting considerably less. Sounds good . I have a 4.2% growth bond maturing early January, hopefully that offer will still be on the table then. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted December 5, 2009 Author Share Posted December 5, 2009 Sounds good . I have a 4.2% growth bond maturing early January, hopefully that offer will still be on the table then. You must have got in just in time - didn't they pull that one sometime in January? I was having kittens in December that it'd vanish before my wretched bank would condescend to release my own money. Quote Link to comment Share on other sites More sharing options...
quine Posted December 5, 2009 Share Posted December 5, 2009 My bond matures in Jan too. Is the rollover rate quoted for a one year account? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted December 5, 2009 Share Posted December 5, 2009 You must have got in just in time - didn't they pull that one sometime in January? I was having kittens in December that it'd vanish before my wretched bank would condescend to release my own money. Yup, two days after I took it out. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted December 5, 2009 Author Share Posted December 5, 2009 My bond matures in Jan too. Is the rollover rate quoted for a one year account? Yes, it was the one-year guaranteed growth bond. According to the letter, if you want to rollover "...you don't need to do anything - simply keep this letter with your existing Bond as a record of the new rate." Must say I'd been thinking of the M&S bond, but given all the faff while money is shifted hither and thither, not to mention more delay tactics from Barclays while they try to persuade me to leave it with them, I'm inclined to stay put for the moment. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 9, 2010 Share Posted January 9, 2010 Yes, it was the one-year guaranteed growth bond. According to the letter, if you want to rollover "...you don't need to do anything - simply keep this letter with your existing Bond as a record of the new rate." Must say I'd been thinking of the M&S bond, but given all the faff while money is shifted hither and thither, not to mention more delay tactics from Barclays while they try to persuade me to leave it with them, I'm inclined to stay put for the moment. I got my offer letter from NS&I this morning. Automatic 3.95% rollover fixed for one year unless I say otherwise. Not a bad deal in the current climate for a sum well over the FSA guarantee limit. Exclusively available to existing customers. You can reinvest up to, but not more than, the full value of the mature bond. 1-Year term 3.95% AER Gross 2-Year term 4.25% AER Gross 3-Year term 4.40% AER Gross 5-Year term 4.60% AER Gross I shall stick with the 1-Year 3.9% as I think there will be better deals in a year. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 13, 2010 Share Posted January 13, 2010 Hmmmmmmm..... right now my money goes into an ISA (ppor rate) and I have a lot left sitting in a useless bank account. I thought a bond was lke buying company debt... NS&I site says it's more like a lottery... help? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted September 9, 2010 Share Posted September 9, 2010 Getting near the time that the quickly withdrawn Autumn 2009 3.95% NS& I Guaranteed Income Bonds will be maturing. Anyone heard what the rollover rate will be? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted September 9, 2010 Share Posted September 9, 2010 will there be a rollover rate tough? There was last year so fingers crossed. I wish I'd taken the two year option now but you can't win them all . Quote Link to comment Share on other sites More sharing options...
christhpc Posted September 9, 2010 Share Posted September 9, 2010 There was last year so fingers crossed. I wish I'd taken the two year option now but you can't win them all . Mine matures early November. Wish I'd stuck more loot into them, still they've been the best part of my (taxable) cash savings over the last 12 months. Here's what they say in the T&Cs: Retention after the fixed rate term 35. After the original term (or any further term for which interest is earned under this paragraph), a Bond may be eligible to earn interest for a further term of the same length. The Treasury will decide whether this will apply and, if so, what the interest rate will be. The Director will write to the holder, at the last recorded address for the Bond, shortly before the end of each term to tell them of the Treasury’s decision. If a Bond is eligible for a further term the rate of interest will be applied automatically and will be guaranteed for the whole of the further term, but the holder will remain free to cash in the Bond at any time (including for reinvestment into another Issue or another NS&I product) under the normal rules for cashing in as set out in paragraphs 24, 25 and 32. So yeah, nothing concrete but fingers crossed they'll treat these as they did the Inflation Linked Certs and allow them to roll over. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted October 1, 2010 Share Posted October 1, 2010 It's not good news.... Today I received a letter about the 3.95% Guaranteed Income Bond maturing in November. It didn't state the "new" rate of interest just that they would write to me 10 days before maturity. I phoned up to ask what the new rate is and "as things stands at the moment it will be 2.15% gross" Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 1, 2010 Share Posted October 1, 2010 It's not good news.... Today I received a letter about the 3.95% Guaranteed Income Bond maturing in November. It didn't state the "new" rate of interest just that they would write to me 10 days before maturity. I phoned up to ask what the new rate is and "as things stands at the moment it will be 2.15% gross" Ah well, never mind. The more they try to make me spend my money the less I shall spend, I'm naturally bloody minded . Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted October 1, 2010 Share Posted October 1, 2010 NR have a 3% 1 year bond which may be of interest for up to £50k (no government unlimited guarantee now). http://www.northernrock.co.uk/savings/ I have a 3.7% NR bond (for just under £50k) which matures soon so I'll probably go for that. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted October 2, 2010 Share Posted October 2, 2010 NR have a 3% 1 year bond which may be of interest for up to £50k (no government unlimited guarantee now). http://www.northernrock.co.uk/savings/ I have a 3.7% NR bond (for just under £50k) which matures soon so I'll probably go for that. I'm trying to avoid fixes with no withdrawals. For instant access can you beat 2.89%? http://www.natwest.com/personal/savings/g1/instant-access/e-savings.ashx Quote Link to comment Share on other sites More sharing options...
siskin Posted October 2, 2010 Share Posted October 2, 2010 I'm trying to avoid fixes with no withdrawals. For instant access can you beat 2.89%? http://www.natwest.com/personal/savings/g1/instant-access/e-savings.ashx The best deal I'm aware of on a instant access current account is Lloyds TSB vantage account. Keep £7000 in your account and you get 4% interest you need to pay in £1000 a month but I know of people who have 7 accounts (for the up to £50000 safety limit) and move the £1000 through the accounts in rotation making sure each account has the £1000 in it for at least 24 hours. Just checked it's still on and it seems to be. http://www.lloydstsb.com/current_accounts/answers_to_changes.asp#changing Quote Link to comment Share on other sites More sharing options...
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