cheshire

MKUX3

have put some money into the cheshire 6.80 % 1 year fixed?

was this one of my better ideas?

MKUX3

any thoughts on this one?????

alanq

If the deal with Nationwide goes through you have got a better rate than you would have investing in the Nationwide itself. If the deal doesn't go through and The Cheshire goes under (and I can't imagine that) you have up to £35000 guaranteed. The only worry is for people of a nervous disposition who have over £35000 in Cheshire, Derbyshire and Nationwide combined. But if things got so bad that the Nationwide was allowed to go under I don't imagine there would be many other financial institutions left.

6.8% is a good rate for a fixed rate account not operated online.

Hungerdunger

My only suggestion would have been to look at a two-year bond if you felt you could put the money away for that length of time.

I may well be wrong, but I suspect that interest rates will be lower when the bond matures next September.

Speculator

The Cheshire have a 1 year, 2 year and a three year Bond all paying 6.80%.

Also, the sterling Libor increased from 5.5% to 6.8% overnight. Will this mean Fixed rate savings rates will start to creep up again?

Cozworth806

I would imagine so, we were getting 7% fixed rates a while back so I would suggest that they will head in that direction again.