Icesave Fixed bonds, Given a choice what will you do?

DawnW

Mine is not due out till next July. If I can get it out early, after all that has happened, I will. Plenty of other potential homes for it, and it was only at 6.3 (I think) one of the first ones. So much for 'greedy' people who 'gambled' on 'extremely high' interest rates (or so some genius referred to Icesave customers on one of the other threads) :rotfl:

planemad

I'm going to save 2k of my funds to top up the rainy day fund and the rest i'm going to do a massive overpayment on the mortgage this to me seems the safest way at the moment.

isofa

According now to the BBC: http://news.bbc.co.uk/1/hi/programmes/moneybox/7690682.stm

Those with fixed rate bonds can opt to wait for them to mature and then receive the interest due up until the maturity date, or cash them in.

Therefore if this is true, given the choice and specifically additionally: 1.the rate was honoured, 2. the money was 100% guaranteed - then I'd leave it in - because then effectively fixed rate savers wouldn't be affected by the Iceland mess.

If the rate wasn't guaranteed, or would drop dramatically and/or the savings were potentially unsafe and not 100% guaranteed, then I'd opt (given the choice) to have the money back asap.

nilrem_2

isofa wrote: »

Therefore if this is true, given the choice and specifically additionally: 1.the rate was honoured, 2. the money was 100% guaranteed - then I'd leave it in - because then effectively fixed rate savers wouldn't be affected by the Iceland mess.

If the rate wasn't guaranteed, or would drop dramatically and/or the savings were potentially unsafe and not 100% guaranteed, then I'd opt (given the choice) to have the money back asap.

Same here TBH.

chesky369

I voted to keep the money in - of course assuming the safety angle. I mean, if I were happy with the arrangement before, then why not, given the same interest. Mind you, one of my three fixed rate savers actually matured on 13 October, so it's already well overdue.