Looking for high-rate fixed terms - is Kaupthing/ING so risky?

isofa

There are a list of the top rated fixed term accounts here at Moneyfacts.

Not that I'd personally go with many listed, but each to their own!

bronzemonkey

martyn4764 wrote: »

When I click to request a Fixedterm deposit account I just get the message that "Your request for a deposit Account has been submitted" (no possibility to enter the amount or the term).

That's exactly what I was just greeted with. It seems that there are limited options open to savers hoping to put some money into fixed rate accounts before rates fall again.

With high inflation and falling rates, along with the low markets, I'm almost tempted to put a little into an index-tracking product. I'd rather go the saving route but it's not so obvious to me what good options there are other than something that might not even be tracking current inflation after tax.

elbe

DavidAC wrote: »

I would be very aprehensive. When you open a new KE account dont you have to agree with the KE terms and conditions and that the money is deposited with KE. I dont think any of this has been updated since ING took over.

Sorry to link with this post but doesn't anyone on this thread read any other threads such as the 'kaupthing fixed rates' thread as I mentioned a few posts ago. Maybe joyful and myself are the only ones who are actually thinking outside the box here! Have any of you actually checked to see that the new contracts will be honoured???

bronzemonkey

Just to update - it seems that my request for a FTD was accepted because it is now listed under my accounts and clicking on one of the FTD options brings up a screen where I can stipulate the amount to be transferred, etc.

Now I just have to decide if I should put it into a 12 month or 36 month term (break rate of 6.67%). Does anyone have any advice they could share?