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juvenal

Nat West 2 Yr Fixed Rate Bond

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Anyone looked at one of these lately?

They insist you also have a Nat West current account in place.

And their employee insisted to me that the first years interest on the bond (Issue 254) would be paid into the current account, rather than rolled over into the second year of the bond to earn interest on itself?

If true, this is a nasty little bit of clawback in the small print.

One I've never encountered in many years of having many fixed rate bonds.

Or have I got it all wrong?

This Issue 254 kicks off on 26.9.2011

Anyone else looked at it?

Edited by juvenal

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Anyone looked at one of these lately?

They insist you also have a Nat West current account in place.

And their employee insisted to me that the first years interest on the bond (Issue 254) would be paid into the current account, rather than rolled over into the second year of the bond to earn interest on itself?

If true, this is a nasty little bit of clawback in the small print.

One I've never encountered in many years of having many fixed rate bonds.

Or have I got it all wrong?

This Issue 254 kicks off on 26.9.2011

Anyone else looked at it?

Cahoot's 2 year bond at 4.01% is currently best deal and no such restriction on having a current account or on compound interest.

You need to invest 25K though...

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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