Would be zero stars if possible. .... I tried to close my income bond and was told I would not be able to close the account or have access to my savings until their 'interest calculation' period had passed. This apparently lasts for 21 days of every month. How is this even legal? ..... And my balance is too low to even get interest - how is that legal either? ....
Furthermore, despite lodging a request to close the account, NS&I refuse to act on it when the 'calculation period' is completed, and you just have to remember to request again. .... Utterly shambolic. Formal complain process has begun. I imagine I am en route to complaining to the Financial Ombudsman.
Reviewed on: 2nd December 2021
