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Fixed rate Bonds question.
hebron
Posts: 197 Forumite
I am going to open a couple of fixed rate bonds.
In your experience what would be longest you would take out a fixed rate bond for: Two,three,four or five years.
I am not sure how long to go for as interest rates can only go up.
Thank you for your time and answers.
In your experience what would be longest you would take out a fixed rate bond for: Two,three,four or five years.
I am not sure how long to go for as interest rates can only go up.
Thank you for your time and answers.
0
Comments
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I am only speaking for myself, but I would not fixed longer than 1 yr.Liquidity is when you look at your investment portfolio and **** your pants0
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For me 1-2 years if there are no withdrawals permitted
Longer if there is a getout option as long as the penaly does not take my overall rate below the best 2 year rate on offer.0 -
2 years seems to get a good rate.0
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i would split the amount into 1yr and 2 yrs.Yung
Early Retiree debt & stress free. and Joined the SKI club:j0 -
Personally I would not fix for longer than 2 years.
Certainly not 5 years.0 -
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Who knows what will happen. I have a three year fixed and am getting good rates on it. May win in the end may lose, but am a happy bunny atm.0
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Unfortunately I have a bond that has just matured, so need to find a home for the cash. I can't make my mind up whether to stick it in a non-fixed account and hope a decent fixed rate one comes along in the not too distant future, or whether to just pick one of the current fixed rate offerings. I guess it's a dilemma lots of people are facing right now.Stompa0
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Putting money into a fixed rate account is essentially just a gamble on the interest rates. Nobody knows what will happen in the future. There were many voices last year advising people to only put money into 1-year 7%+ deals because better rates may be around the corner. I believe there were many 2 or 3 year deals above 6%, wish i'd gone for them now!0
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