Deferred interest

ps2659

I need to invest money that is 100% safe that will earn a good rate of interest but deferred until after april 6th 2010 this is for tax reasons.
Grateful for any help.

RayWolfe

Term "bonds" (long term savings) from Halifax defer tax until expiry and they do 2 year term.

Jonbvn

Easiest way would be a 3-year fixed rate bond.

Kaupthing Edge currently have a 3-year bond paying 7.67% gross/7.15%AER. Not sure if it meets your 100% safe criteria.

ps2659

Are index linked saving certificates a good investment from NS&I to defer the income for 3 years ?

LongTermLurker

Jonbvn wrote: »

Easiest way would be a 3-year fixed rate bond.

Kaupthing Edge currently have a 3-year bond paying 7.67% gross/7.15%AER. Not sure if it meets your 100% safe criteria.

Up to £35K it is

Jonbvn

ps2659 wrote: »

Are index linked saving certificates a good investment from NS&I to defer the income for 3 years ?

From a tax perspective these certs are an excellent savings vehicle. With RPI at 5% they seem like a no brainer to me.

ps2659

Jonbvn wrote: »

Easiest way would be a 3-year fixed rate bond.

Kaupthing Edge currently have a 3-year bond paying 7.67% gross/7.15%AER. Not sure if it meets your 100% safe criteria.

Are there any good 2 year fixes on offer.
Thanks really trying to sort out my finances.

ps2659

Jonbvn wrote: »

Easiest way would be a 3-year fixed rate bond.

Kaupthing Edge currently have a 3-year bond paying 7.67% gross/7.15%AER. Not sure if it meets your 100% safe criteria.

Me and the wife have taken out this 3 year bond seems a top rate, we would also like a 2 year bond that pays interest at maturity.
Thanks in advance.

sloughflint

ps2659 wrote: »

Are there any good 2 year fixes on offer.
Thanks really trying to sort out my finances.

RayWolfe mentioned Halifax further up. I guess that must be this:
http://www.halifax.co.uk/savings/guaranteed_reserve.asp
Better rates here:
http://www.icesave.co.uk/fixed-rate-savings.html
with choice of interest payment including at maturity.

ps2659

sloughflint wrote: »

RayWolfe mentioned Halifax further up. I guess that must be this:
http://www.halifax.co.uk/savings/guaranteed_reserve.asp
Better rates here:
http://www.icesave.co.uk/fixed-rate-savings.html
with choice of interest payment including at maturity.

Thanks for the response the Halifax rate is fairly low in comparison @ 5.7% and Icesave 7.06% but Icesave do not pay interest at maturity only annually and I need a 2 year fix with interest added at the end of the term.

ps2659

sloughflint wrote: »

Ok then, what about opening another KE 3 year bond but closing after two years? I think the interest penalty then reduces the rate to 6.87% or something like that.

I am fully invested in Kaupthing Edge and so is the wife well at least up to the safety of £33000 in case the worst should happen, many thanks for your input.