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Short term fixed rates hotting up

buffman
buffman Posts: 440 Forumite
Part of the Furniture 100 Posts
edited 11 November 2015 at 4:27PM in Savings & investments
What with Metro Bank launching last week:

1 Year bond paying 2.10%
18 Month bond paying 2.40%
3 Year bond paying 2.70%

And now Shawbrook today:

1 Year bond paying 2.15%
18 Month bond paying 2.35%
2 Year bond paying 2.45%

Things are now beginning to slightly look up for savers.

Comments

  • jimjames
    jimjames Posts: 19,258 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    They're all still less than most current accounts though, I'm getting 5% with instant access
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    edited 11 November 2015 at 10:59PM
    You can open the Metro Bank offerings online now - used to have to go in to one of their stores before.
    Never let the perfume of the premium overpower the odour of the risk
  • ColdIron
    ColdIron Posts: 10,330 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Ifts wrote: »
    used to have to go in to one of their branches before.
    It's Stores :)
  • redmalc
    redmalc Posts: 1,436 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Do I still have to fill in the R85 form to advise my wife is a non tax payer.
  • Ifts
    Ifts Posts: 1,960 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    redmalc wrote: »
    Do I still have to fill in the R85 form to advise my wife is a non tax payer.

    Yes, currently the banks are still asking you if you are entitled to interest without paying tax when applying for accounts - and to fill in the R85 form if you are.
    Never let the perfume of the premium overpower the odour of the risk
  • Lansdowne
    Lansdowne Posts: 570 Forumite
    I just went to the local Metro Bank branch-sorry-store, to ask about the fixed rate accounts and those rates are no longer available. For example 18 months is now 2.05% not 2.3% or whatever it was.
  • ColdIron
    ColdIron Posts: 10,330 Forumite
    Part of the Furniture 10,000 Posts Hung up my suit! Name Dropper
    Yup that's what it says on the website now, didn't last long
    Interest Rates for accounts opened from 13th November 2015:
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    redmalc wrote: »
    Do I still have to fill in the R85 form to advise my wife is a non tax payer.
    No, it's entirely optional.
  • bristolleedsfan
    bristolleedsfan Posts: 12,947 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    G_M wrote: »
    No, it's entirely optional.

    Some financial institutions e.g Metro Bank, Tesco Bank, CO-OP Bank, Most Building Societies do require a paper R85 to be completed, others like Nationwide, TSB, Lloyds Bank, RCI Bank, Santander have paperless registration system
  • joe134
    joe134 Posts: 3,336 Forumite
    bristolleedsfan wrote: »
    Some financial institutions e.g Metro Bank, Tesco Bank, CO-OP Bank, Most Building Societies do require a paper R85 to be completed, others like Nationwide, TSB, Lloyds Bank, RCI Bank, Santander have paperless registration system
    There's no need for R85 if the interest is payed out annually, and after next April.
    Monthly interest now,until April, then Yes.
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