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MSE News: Fixed savers warned of diving rates
Former_MSE_Guy
Posts: 1,650 Forumite
This is the discussion thread for the following MSE News Story:
"Thousands of savers are being dumped onto miserly rates as their sky-high fixed deals come to an end.
In particular, due to the stampede to grab a 7%-plus one-year deal last October ..."
"Thousands of savers are being dumped onto miserly rates as their sky-high fixed deals come to an end.
In particular, due to the stampede to grab a 7%-plus one-year deal last October ..."
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Comments
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Bit of a non-story, except as a factual reminder to take the appropriate action.
Savers who have successfully milked the system for £millions have to rejig their finances as their clever punt comes to an end. Isn't that what we have to do all the time?
Shock horror :eek: :rotfl:. Oh Noes!
Well done to those who got 7% for 3 years - eg at Skipton or 5 years eg courtesy of the taxpayer at Northern Rock
.
Are we also going to complain when those incredible deals come to an end :rolleyes: ?0 -
Saga have just come in with a 3.75% 1 year fixed bond so lets hope its the beginning of a surge maybe they were not getting many takers for their other accounts and could have lost loads as last years high rate savings come to and end.
gary0 -
Hi there. I have read this thread and thought it may be useful to clarify the AA’s position. Savers who have invested in the AA’s 7.21% fixed account, due to mature, will receive a letter which offers 4 accounts – a 50:50 tracker GEB, a 14 month fixed at 3.45%, a 2 year fixed at 4.35% and a 5 year fixed at 5.15%. I hope this helps!“Official Company Representative
I am the official company representative of The AA. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0 -
The end is is site for my lovely fixed 6.3% Egg account - and it was instant access. Whoever thought this account up last year has probably been buried 6 feet under !0
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Mine too - some of the proceeds from that, my 7.21% AA and my 7.20% ICICI Bank fixed-rate accounts will be going into LTSB Vantage accounts @ 4%, so it could be worse.The end is is site for my lovely fixed 6.3% Egg account - and it was instant access. Whoever thought this account up last year has probably been buried 6 feet under !0 -
The end is is site for my lovely fixed 6.3% Egg account - and it was instant access. Whoever thought this account up last year has probably been buried 6 feet under !
My (about to end) Coventry BS fixed 6.25% was also instant access.
I've several accounts (various institutions) on fixed rates about to finish.
Not sure what I'm going to do with some of the funds now.0 -
I have 4 bonds maturing between early November and mid December, so on the look out for a decent home for the cash. Hope I get a few good reinvestment offers"How could I have been so mistaken as to trust the experts" - John F Kennedy 19620
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