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Fixed Rate Bond - is this too long?
polybear
Posts: 398 Forumite
Hi all,
I'm considering a fixed rate Bond for 2 or 3 years (I already have some 1 year Bonds). I've been offered some very good rates (over 8%) but do wonder if the timescales are too long for tying up money, from the viewpoint of possibly losing out in the future?
I'd be grateful for any thoughts please! Thanks.
Brian.
I'm considering a fixed rate Bond for 2 or 3 years (I already have some 1 year Bonds). I've been offered some very good rates (over 8%) but do wonder if the timescales are too long for tying up money, from the viewpoint of possibly losing out in the future?
I'd be grateful for any thoughts please! Thanks.
Brian.
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Comments
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Personally, I'd say a fixed rate deposit offering 8% would be well worth a 2yr tie-in and probably a 3yr, assuming you are sure you can tie up the money for that time period, I am however not aware of any such offer currently.Hi all,
I'm considering a fixed rate Bond for 2 or 3 years (I already have some 1 year Bonds). I've been offered some very good rates (over 8%) but do wonder if the timescales are too long for tying up money, from the viewpoint of possibly losing out in the future?
I'd be grateful for any thoughts please! Thanks.
Brian.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Interest rates are likely to start coming down towards the end of the year and into next by as much as 1%, If you can get 8% on a fixed rate bond I would be snapping their hands off, who is it with btwLiquidity is when you look at your investment portfolio and **** your pants0
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Best I can see at https://www.fsa.gov.uk/tables is 7.2% for 1 year or 7.06% for 2 or 3 years.0
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Hi all,
I'm considering a fixed rate Bond for 2 or 3 years (I already have some 1 year Bonds). I've been offered some very good rates (over 8%) but do wonder if the timescales are too long for tying up money, from the viewpoint of possibly losing out in the future?
I'd be grateful for any thoughts please! Thanks.
Brian.
Who is offering 8%? Please tell me I will certainly get involved at 8%0 -
Where Where??0
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My initial suspicion is that it is something tied to another product, such as an investment product.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
(over 8%) said brian.:cool: please tell:T:cool: hard as nails on the internet . wimp in the real world :cool:0
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Pictures or it didn't happen.0
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If you can get 8% interest over two or three years and can definitely afford your tie your money up for that length of time, I'd go ahead. I've read in the press today that interest rates are forecast to come down towards the end of the year to try and cut inflation so grab it while you can, (but check the small print carefully first).0
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post the small print:cool: hard as nails on the internet . wimp in the real world :cool:0
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