Best fixed-rate savings account at this time?

Sapphire

Hello, all!

Could anyone please advise on the best fixed-rate savings account at the current time? I am looking to lock my money away for a year or possibly two years. I need to avoid Nationwide, with whom I already have too many savings.

I know Martin advises on this subject, but the advice is not always completely up to date, hence my query.

Help greatly appreciated.

libra10

We're also in a similar situation with a bond finishing this month with Skipton. Their new bond is approx 6.05%, and we also having enough savings with Nationwide.

neil324

Cant see the problem with Nationwide. If they go under then it will be at the stage of a total banking system collaspe ie. you'll be fighting to stay alive let alone worry about money in a bank.

alanq

Some Building Society Accounts to consider:

Chelsea B.S. 6.6% 1-Year fixed rate/ 6.3% 2-Year fixed rate
http://www.thechelsea.co.uk/savings/invest_product_intro.html#fixed

Leeds B.S. RPI growth +2.25% taxable 2-Year fixed term.
http://www.leedsbuildingsociety.co.uk/savings/inflation_buster_bond.html

Britannia B.S. RPI growth +1.75% taxable 2-Year fixed term.
http://www.britannia.co.uk/home/c_savings/product/bonds/inflation_beater/prod.html

Sapphire

neil324 wrote: »

Cant see the problem with Nationwide. If they go under then it will be at the stage of a total banking system collaspe ie. you'll be fighting to stay alive let alone worry about money in a bank.

I realize this - however, there are also better rates than Nationwide's available for fixed-rate bonds.

MKUX3

i seee on money supermarket there is fixed United Bank Trust

any 6.80% gross anyone any thoughts on this please

Sapphire

alanq wrote: »

Some Building Society Accounts to consider:

Chelsea B.S. 6.6% 1-Year fixed rate/ 6.3% 2-Year fixed rate
http://www.thechelsea.co.uk/savings/invest_product_intro.html#fixed

Leeds B.S. RPI growth +2.25% taxable 2-Year fixed term.
http://www.leedsbuildingsociety.co.uk/savings/inflation_buster_bond.html

Britannia B.S. RPI growth +1.75% taxable 2-Year fixed term.
http://www.britannia.co.uk/home/c_savings/product/bonds/inflation_beater/prod.html

Thanks very much - I will look into the Chelsea option.

I probably wouldn't go for the RPI growth ones, since the situation with RPI is not 'fixed'.

chihiro

hi
Do you think that the Bonds are a risk in that moment please?is it conected with the market?

I am asking about the Nationalwide Fixed rate Bonds(for a one year fix rate bond-net 5.20%) , or the Abbey Fixed Rate reward saver with the same interest.
Do you thing its a secure savings accound please? Which one is better to choose please?

lkmc01

what about the aa savings account fixed at a year with 7.21% It is with Birmingham Midshares...


But Birmingham Midshares are with HBOS.

This leaves me confused - - -

:doh:

:think:

I thought HBOS were soon to be no more as company now belongs to L TSB?
So will aa savings and Birmingham Midshares soon be no more too?


Or,

will they, aa, Birmingham Midshares and HBOS be the same accounts etc but called L TSB?

Or will they be the same acccounts, but be known as 'part of the L TSB organisation?


Very confused and relutant to use aa savings until I have a clear picture of what is going to happen ( well as clear as possible).

I have 11 grand available to me today to put away for up to a year :T

Baldur

lkmc01 wrote: »

I thought HBOS were soon to be no more as company now belongs to L TSB?
So will aa savings and Birmingham Midshares soon be no more too?

Birmingham Midshires was itself taken over several years ago by Halifax/HBOS - has it ceased to exist (if only in name)?

I had a large amount of savings with BM at the time , they were totally unaffected by the takeover.

starfish10

Do you think interest rates will rise in the next few months above this 7.2%?