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1 Year Growth Bond Issue 10: 3.70% Fixed rate. @ Post Office


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FOUND BY: zippy22 3 weeks, 5 days ago

STARTS: 28/10/2009   

I yr. fixed rate at 3.70% at your local Post Office branch.

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#2

28-10-2009, 19:32
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NS&I have a one year bond paying 3.95%
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#3

28-10-2009, 21:40
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Aye, but try and get your money back on maturity. They paid my the funds from last bond, on maturity,into an account that took 7 days, then another 4 to transfer the funds to my current account for withdrawal.
I also couldn`t access the account and was passed by the call centre rep to their IT team, who were ......

Make up your own minds.. Small percentage differences make little difference. .I`d say, make sure that you can get your money out on time after maturity
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28-10-2009, 21:49
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Depends on how much you're investing.
I'd go for the 3.95% with NS & I.
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#5

30-10-2009, 21:00
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alexs80:
Aye, but try and get your money back on maturity. They paid my the funds from last bond, on maturity,into an account that took 7 days, then another 4 to transfer the funds to my current account for withdrawal.
I also couldn`t access the account and was passed by the call centre rep to their IT team, who were ......

Make up your own minds.. Small percentage differences make little difference. .I`d say, make sure that you can get your money out on time after maturity
Post Office invests funds via Bank of Ireland - unlimited monies guaranteed by Irish Govt until Sept 2010. Then standard guarantee of £90000 (better than the UK but Ireland is having far worse financial problems than the UK and financial advice is not to invest anywhere in Ireland). Also the Post Office is just as difficult as you describe NS & I (I had a matured account last August). N S & I for me, I think. Small percentage differences do make a good difference if you are investing large sums, of course.
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#6

30-10-2009, 23:04
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You know? I can see things going full circle and the Post Office Savings Bank returning, primarily to sell Government products.
During the late 60`s / 70`s the government offered extremely good interest rates and had money flowing into the coffers with confidence experienced by the investors. This, in turn, drove competition with the banks / building societies who had to offer higher returns to their investors in order to attract funds to lend to borrowers.
Watch this space. What goes around.....
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#7

01-11-2009, 20:33
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alexs80:
You know? I can see things going full circle and the Post Office Savings Bank returning, primarily to sell Government products.
During the late 60`s / 70`s the government offered extremely good interest rates and had money flowing into the coffers with confidence experienced by the investors. This, in turn, drove competition with the banks / building societies who had to offer higher returns to their investors in order to attract funds to lend to borrowers.
Watch this space. What goes around.....
Already happening this week - but not with the Post Office. NS & I (completely government backed so no limit on how much you can safely invest) are offering the best interest rates now; they used to sell their products through the Post Office but were scared off by the Post Office's association with the Bank of Ireland. If you watch carefully in the next week or two, you will probably find building societies and banks rushing to match or better these rates.
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