It's a Fix

Zebra

With fixed rate bonds available, at similar interest rates, for any time scale between 3 months and 3 years, I was wondering how long other people were looking to fix their rates for. I'm mainly looking at 2 year bonds.

stevetodd

Zebra wrote: »

With fixed rate bonds available, at similar interest rates, for any time scale between 3 months and 3 years, I was wondering how long other people were looking to fix their rates for. I'm mainly looking at 2 year bonds.

Have you found anything better than Anglo Irish's 7% 2 year bond?

Zebra

stevetodd wrote: »

Have you found anything better than Anglo Irish's 7% 2 year bond?

No, but then again I'm sticking to UK based banks at the moment - Julian Hodge Bank is 6.4% fixed for 2 years.

stevetodd

Zebra wrote: »

No, but then again I'm sticking to UK based banks at the moment - Julian Hodge Bank is 6.4% fixed for 2 years.

Is there any risk I should be aware of by saving with Anglo Irish?

joyfull

I hope to put some into an Anglo Irish fixed rate 2 year and a lesser amount into a one year. I'm a bit of novice but feel I need to secure some decent interest rates over the next couple of years as part of my income comes from interest earned.

Being new to this forum lark - can someone tell me how I flag up one of those nice 'thanks' tags everyone seems to have on their post. (I've just clicked something so it may show up!)

Thanks!

Baldur

joyfull wrote: »

can someone tell me how I flag up one of those nice 'thanks' tags everyone seems to have on their post. (I've just clicked something so it may show up!)

Clicking the "Thanks" button under the post of the person whom you want to thank should work.......;)

chucknorris

joyfull wrote: »

I hope to put some into an Anglo Irish fixed rate 2 year and a lesser amount into a one year. I'm a bit of novice but feel I need to secure some decent interest rates over the next couple of years as part of my income comes from interest earned.

Being new to this forum lark - can someone tell me how I flag up one of those nice 'thanks' tags everyone seems to have on their post. (I've just clicked something so it may show up!)

Thanks!

Just click the button underneath the posting, to the left of quote ie the one saying thanks.

Yeah the Anglo Irish seems to be the best one around now

isofa

It depends how long you can tie money up, and the gamble with interest rates.

Most people fixed for around a year, and then move to another rate, or they may then need the money. However it's widely agreed that interest rates will be on the way down for a while, so a longer fix, if you can afford to tie up the money, and you don't exceed the FSCS limits (just in case!), could be a wise move.

LardyCake

You could also look at setting up a "ladder" - eg:
Split your fixed rate/term money into, say, 3 pots.
Put pot "A" into a 1 year fix, pot "B" into a 2 year fix & pot "C" into a 3 year fix.
When pot "A" matures put the money in a new 3 year fix ...and so on

Zebra

stevetodd wrote: »

Is there any risk I should be aware of by saving with Anglo Irish?

I don't know of any reason why your money would be more (or less) risk at Anglo Irish than at any other bank, but they aren't covered by the FSCS compensation scheme.
Are your savings safe?

Gwhiz

Zebra wrote: »

I don't know of any reason why your money would be more (or less) risk at Anglo Irish than at any other bank, but they aren't covered by the FSCS compensation scheme.
Are your savings safe?

I've got money with Anglo Irish fixed bonds. Unlimited cover under the passport scheme which I am happy with.