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  • FIRST POST
    • 6022tivo
    • By 6022tivo 13th Feb 18, 6:06 PM
    • 526Posts
    • 127Thanks
    6022tivo
    NS&I Fixed Rate Renewal
    • #1
    • 13th Feb 18, 6:06 PM
    NS&I Fixed Rate Renewal 13th Feb 18 at 6:06 PM
    Just had my renewal through for my NS&I Fixed Interest and I'm not sure what to do with it.

    To be honest, it's the last fixed term interest one I have.
    Took it out 10 years ago, at the full value.

    My options..
    Another 5YR at 2.15%
    2YR at 1.55%
    Get a new car or a massive party

    I really don't see the point of that interest rate being fixed, I can only really see them going up??
    I am maxed out on current account interest and regular savings, so I don't really know what to do at all!

    Any thoughts?

    I'm lucky in that I am a bit cash rich at the moment, so unsure what to do.

    I pay 25% through salary sacrifice to my pension, I could increase that a bit and live off the cash to bump the wages I suppose..

    Bit boring though!
Page 1
    • kidmugsy
    • By kidmugsy 13th Feb 18, 7:22 PM
    • 10,194 Posts
    • 6,914 Thanks
    kidmugsy
    • #2
    • 13th Feb 18, 7:22 PM
    • #2
    • 13th Feb 18, 7:22 PM
    Sometimes boring is good.

    Does anyone offer a "tracker" savings account, or Cash ISA, at the moment? You may remember them - they'd pay out Bank of England Base Rate plus, say, 1% p.a. They might be a place to hold some cash while you ponder.
    Free the dunston one next time too.
    • Alexland
    • By Alexland 13th Feb 18, 7:55 PM
    • 1,636 Posts
    • 1,118 Thanks
    Alexland
    • #3
    • 13th Feb 18, 7:55 PM
    • #3
    • 13th Feb 18, 7:55 PM
    The pound has been strengthening and that might start feeding into lower car prices in time if you can hold on a bit longer.
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