My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
This is a question about savings and not mortgage rates
The 4.2% one year bond rate offered by @bobmunro Secure Trust has already been withdrawn. Pity, nice clean and simple website. Might move some easy access cash there in the meantime, they offer 2% compared with Chase 1.5% and NSI 1.2%
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
I’m after savings bonds. I need as much as poss from savings I have as I live off them.
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
I’m after savings bonds. I need as much as poss from savings I have as I live off them.
It doesn't matter if there is monthly interest paid. If not just make monthly withdrawals in any case if the account allows unlimited withdrawals.
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
I’m after savings bonds. I need as much as poss from savings I have as I live off them.
It doesn't matter if there is monthly interest paid. If not just make monthly withdrawals in any case if the account allows unlimited withdrawals.
Sure, but I’m hoping to get better interest rates by tying it up for a year or two.
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
I’m after savings bonds. I need as much as poss from savings I have as I live off them.
There are other ways of securing monthly income. Might mean investing the money but there are investments that have guarantees built in or with-profit Bonds that can give you 4%-5% return and cam be taken monthly. This could also be tax free if you are not a 40% tax payer.
My two year fixed rate but no has just ended and I’m looking for a one or two year one with monthly interest paid. Having trouble finding one ! Any ideas?
Not quite sure what you mean by 'monthly interest paid'? Lots of 1 & 2 year mortgages out there.
I’m after savings bonds. I need as much as poss from savings I have as I live off them.
There are other ways of securing monthly income. Might mean investing the money but there are investments that have guarantees built in or with-profit Bonds that can give you 4%-5% return. This could also be tax free if you are not a 40% tax payer.
thanks , i already have a reasonable amount of my total money in investments so like to mix it up
The Halifax (one of the biggets & well know lenders in the UK) have just released their new rates starting Monday
2 year fixed START at 6.19% (up to 60% LTV) and go up to 6.59% (for 90%) 5 year fixed are lower at 5.74% and go up to 6.15%.
just remind me what the BOE base rate is.........oh that's right, 2.25%.
Anyone not securing a mortgage deal/offer before the start of this month is now royally screwed.
A fixed rate mortgage would surely be correlated with the forward looking SWAP market and not the point in time BoE Base Rate market. 2 yr SWAP is about 5.5% so a mortgage of 6.19% is not a huge margin to a lender.
Given the market expects rates to peak and fall back then the 5yr rate is cheaper in line with the inverted curve of the swap market.
The BoE has so far offered to buy up to 40 billion pounds' worth of gilts but has only bought about 5 billion pounds.
So much for "bailing out" pension funds to the tune of £65bn
Again I dont remotely challenge your overall superior knowledge of the underlying issues, but again the noise from the BoE this morning doesnt sound reassuring to me. After establishing that Amol Rajan was not presenting I listened to the Today prog who offered several knowledgeable commentators, including an ex BoE board member. The consensus seems to be that 1) the markets dont buy the KamiKwazi package, and will not until full workings are provided- and that ińcludes specifics on exactly where the inevitable budget savings will be found. 2) the markets didnt like the time limit the BoE put on the initial support package, hence its panic button pressing this morning.
I don’t like the look of Bailey at all. I would sack him and bring in another “foreign coach”. The most obvious candidate would be Mario -whatever it takes - Draghi😉
The 4.2% one year bond rate offered by @bobmunro Secure Trust has already been withdrawn. Pity, nice clean and simple website. Might move some easy access cash there in the meantime, they offer 2% compared with Chase 1.5% and NSI 1.2%
Santandar have just introduced a one year, instant access account paying 2.75% with unlimited withdrawals.
The 4.2% one year bond rate offered by @bobmunro Secure Trust has already been withdrawn. Pity, nice clean and simple website. Might move some easy access cash there in the meantime, they offer 2% compared with Chase 1.5% and NSI 1.2%
Santandar have just introduced a one year, instant access account paying 2.75% with unlimited withdrawals.
The 4.2% one year bond rate offered by @bobmunro Secure Trust has already been withdrawn. Pity, nice clean and simple website. Might move some easy access cash there in the meantime, they offer 2% compared with Chase 1.5% and NSI 1.2%
Santandar have just introduced a one year, instant access account paying 2.75% with unlimited withdrawals.
Just sent in application. Need to open by 1st Nov
Just applied online. For some reason I have to wait up to three working days for final steps in the opening process.
Secure Trust was a much faster and more efficient process.
Edit: the Santander welcome e-mail has popped into my box already, just two hours later. I think that's what you call "expectation management"
No great surprise as Truss ruled out public spending cuts at PMQs.
So tax cuts funded by increased borrowing alone - the City were never going to welcome that news.
Having said that she will likely U-turn several times in the next few days leading up to the Chancellor's budget. It amazes me how she doesn't get giddy.
No great surprise as Truss ruled out public spending cuts at PMQs.
So tax cuts funded by increased borrowing alone - the City were never going to welcome that news.
Having said that she will likely U-turn several times in the next few days leading up to the Chancellor's budget. It amazes me how she doesn't get giddy.
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
It varies by bank and account and how you do it.
Most seem to have an online limit of £25k for faster payments but some go lower down to £10k, some go much much higher in branch or by phone (for instance Metro Bank I know do £250k by branch or phone).
The highest I know of, online, is starling at £1m.
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
It is for AML and the prevention of fraud (maybe the Czech banks are a bit more lax in their interpretation). A phone call to the bank if you want to move more is not that onerous a task!
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
It is for AML and the prevention of fraud (maybe the Czech banks are a bit more lax in their interpretation). A phone call to the bank if you want to move more is not that onerous a task!
An interesting one on AML. I sent a final payment to my kitchen company, was just below the limit (£25k). About half hour later I got a phone call from the fraud department. I never take those calls so rang back the bank. After 101 questions they refused to send the payment as the recipient bank (Monzo) they believe do not have sufficient AML procedures! Apparently they are currently under investigation by the FCA etc.
Was quite happy to be honest as the company had to take credit card for which I got cash back!
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
It is for AML and the prevention of fraud (maybe the Czech banks are a bit more lax in their interpretation). A phone call to the bank if you want to move more is not that onerous a task!
Well of course I called them when I first got the cash from the house sale. I explained the situation and the best they (HSBC) could offer was that I wouldnt get calls from the fraud squad ( had a fair few) but they refused to up the £25k limit. The result of course is that I’ve had far too much cash sitting in an HSBC account too long, which suits them just fine, but is a pain in the neck for me; especially when suddenly it can be helpful to move largeish amounts quickly, and fairly regularly. They are also apparently intent on closing the Eltham branch where I am a customer, btw.
That was behind my Rees-Mogg question. Or sub in any very rich customer. Do we really believe they are subject to the same rules?. And yet who is more likely to be involved in money -laundering?. A middling punter whose records with HSBC go back to when it was the Midland, or a foreign non-dom?. And thats before we get to the hilarious idea of HSBC, of all banks, being tough on money-laundering.
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
It is for AML and the prevention of fraud (maybe the Czech banks are a bit more lax in their interpretation). A phone call to the bank if you want to move more is not that onerous a task!
Well of course I called them when I first got the cash from the house sale. I explained the situation and the best they (HSBC) could offer was that I wouldnt get calls from the fraud squad ( had a fair few) but they refused to up the £25k limit. The result of course is that I’ve had far too much cash sitting in an HSBC account too long, which suits them just fine, but is a pain in the neck for me; especially when suddenly it can be helpful to move largeish amounts quickly, and fairly regularly. They are also apparently intent on closing the Eltham branch where I am a customer, btw.
That was behind my Rees-Mogg question. Or sub in any very rich customer. Do we really believe they are subject to the same rules?. And yet who is more likely to be involved in money -laundering?. A middling punter whose records with HSBC go back to when it was the Midland, or a foreign non-dom?. And thats before we get to the hilarious idea of HSBC, of all banks, being tough on money-laundering.
Still grumpy.
some banks might make you upgrade to premium banking etc to transfer higher amounts. But yes, its an issue. Recently recieved a fairly decent sum from a relative, want to pump some of it in my LISA but barclays are saying it has to be split over 2 days.
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Fixed Rate Bonds Best Buys | Find the best rate. Keep the best rate (savingschampion.co.uk)
thanks , i already have a reasonable amount of my total money in investments so like to mix it up
A fixed rate mortgage would surely be correlated with the forward looking SWAP market and not the point in time BoE Base Rate market. 2 yr SWAP is about 5.5% so a mortgage of 6.19% is not a huge margin to a lender.
Given the market expects rates to peak and fall back then the 5yr rate is cheaper in line with the inverted curve of the swap market.
From Reuters:
The BoE has so far offered to buy up to 40 billion pounds' worth of gilts but has only bought about 5 billion pounds.
So much for "bailing out" pension funds to the tune of £65bn
I don’t like the look of Bailey at all. I would sack him and bring in another “foreign coach”. The most obvious candidate would be Mario -whatever it takes - Draghi😉
Just sent in application. Need to open by 1st Nov
Secure Trust was a much faster and more efficient process.
Edit: the Santander welcome e-mail has popped into my box already, just two hours later. I think that's what you call "expectation management"
So tax cuts funded by increased borrowing alone - the City were never going to welcome that news.
Having said that she will likely U-turn several times in the next few days leading up to the Chancellor's budget. It amazes me how she doesn't get giddy.
Can anyone give me a good reason why UK banks believe they can slap a limit - £25,000 - on their customers' ability to move money via online banking in a single day? My Czech banks (not generally noted for their service levels) have no such restrictions, and most of them are branches of or owned by big Western European banks.
And if you believe there is a good reason, do you think this applies to the personal bank account of, oh, I dunno, Jacob Rees-Mogg?
Most seem to have an online limit of £25k for faster payments but some go lower down to £10k, some go much much higher in branch or by phone (for instance Metro Bank I know do £250k by branch or phone).
The highest I know of, online, is starling at £1m.
Was quite happy to be honest as the company had to take credit card for which I got cash back!