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TheCountOfNowhere

NSandI: Guaranteed Growth Bonds 2.2% up to 6K

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A £1,000 deposit would be worth £1,067.46 at the end of the 3-year term.

Haven't read it fully, but surely that is the yearly interest? Either way, doesn't seem worthwhile for me (can't imagine it would appeal to many), especially since you are locking your money away for 3 years with a penalty on early withdrawal.

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2 hours ago, Wayward said:

P2P is the only way to go at mo...

Till it isnt...

 

I have a chunk in P2P but will remove it at the drop of a hat fist sniff of trouble.

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3 hours ago, rantnrave said:

Is Tesco Bank still paying 3% on balances of up to £3k?

They are, and you can open two accounts.  £6k at 3% - but I believe you have to have 3 direct debits coming out of each account to get the "bonus" interest.

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2 hours ago, dyfarnwr said:

They are, and you can open two accounts.  £6k at 3% - but I believe you have to have 3 direct debits coming out of each account to get the "bonus" interest.

It's not worth the hassle for about a hundred quid a year. 

If you could put sixty grand in, it might be worth it.

Same with the NS&I offering.

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Just now, Bruce Banner said:

It's not worth the hassle for about a hundred quid a year. 

If you could put sixty grand in, it might be worth it.

Same with the NS&I offering.

yep.....could spend less and save more to make up for the loss, create own individual increase in savings rates.....;)

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3 hours ago, dyfarnwr said:

They are, and you can open two accounts.  £6k at 3% - but I believe you have to have 3 direct debits coming out of each account to get the "bonus" interest.

You don't (I have 2 accounts). I also have £3k of the NS&I bonds. Its not much interest, but it is risk-free.

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7 hours ago, Wayward said:

P2P is the only way to go at mo...

I've been using RateSetter since May 2014.  Annualised return since then has been 4.8%.  I currently have about £45k with them which of course could go to zero if the sh*t really hits the fan.  If anyone's interested in trying P2P I have a link that pays £50 to both of us if £1,000 is invested for 1 year.

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1 hour ago, wish I could afford one said:

If anyone's interested in trying P2P I have a link that pays £50 to both of us if £1,000 is invested for 1 year.

I tried to persuade a colleague...he backed out...

I've used Funding Circle, Zopa and Ratesetter...Ratesetter seems to suit me best, you can get 3% pa rolling monthly at mo...

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4 minutes ago, Wayward said:

I tried to persuade a colleague...he backed out...

I've used Funding Circle, Zopa and Ratesetter...Ratesetter seems to suit me best, you can get 3% pa rolling monthly at mo...

I'd never try and persuade anyone.  My motto is DYOR.  The last thing I want is someone blaming me for a capital loss were it to occur.

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10 hours ago, TheCountOfNowhere said:

If you're married you can stash 6K in one of these at 2.2%

 

https://www.nsandi.com/investment-guaranteed-growth-bonds?ccd=NAVQAA

 

Its about the best you will get at the mo.

2.2% Pah, you can get 15% on a BTL scumhole in the north west....

No wonder the prices up there are flying high, cant go wrong with propertwee.

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11 hours ago, voldemort said:

You don't (I have 2 accounts). I also have £3k of the NS&I bonds. Its not much interest, but it is risk-free.

Brand new T&Cs for new applications - £750 in per month plus 3 DDs.

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41 minutes ago, Grab_Some_Popcorn said:

Brand new T&Cs for new applications - £750 in per month plus 3 DDs.

Ouch. The paying in requirement is easy but the DDs are a pain.

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11 hours ago, wish I could afford one said:

I've been using RateSetter since May 2014.  Annualised return since then has been 4.8%.  I currently have about £45k with them which of course could go to zero if the sh*t really hits the fan.  If anyone's interested in trying P2P I have a link that pays £50 to both of us if £1,000 is invested for 1 year.

I put £15k in Ratesetter a few weeks back. The rate offered for five years was 6%+ and I figured the 1% or so fee for rapid withdrawal still puts me ahead of the shorter term bonds. I'll be happy if it does indeed return me  £20k as projected.

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22 minutes ago, voldemort said:

Ouch. The paying in requirement is easy but the DDs are a pain.

I know. Considered £1 a month DD to charity (X3) but over a year that negates the extra interest! 

I've currently got my house deposit in nationwide kids savings account paying 2.25%. Oh and HTB ISA too. 

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21 hours ago, TheCountOfNowhere said:

If you're married you can stash 6K in one of these at 2.2%

 

https://www.nsandi.com/investment-guaranteed-growth-bonds?ccd=NAVQAA

 

Its about the best you will get at the mo.

I have always wondered if they NS&I stuff will basically be converted to war bonds or a like when s*** kicks off OR weather they will be treated as national debt and written off with the rest like gilts when their new currency kicks off and they nail the old one and all who hold it

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