best fixed rate with access allowed?

ashbourne

Are there any recommendations as to which is:

Best fixed rate saving account?

Best fixed rate savings that allows access?

Best fixed rate savings that allows further deposits?

Thanks for any help..

umami

Yorkshire B.Society- E-Bond 4.5 till 6/09.Sill opened today.
LeedsB.S. have a fixed rate for minimum £1000 deposit, allowing 25% withdrawal penalty free.Can't remember the rate.I was told in branch today it may be withdrawn soon!

tradetime

[ Best fixed rate savings that allows access?

ICICI have 4.40% with early access.

Baldur

tradetime wrote: »

ICICI have 4.40% with early access.

....but applies a penal rate of 2% if you actually use the early access facility - http://www.icicibank.co.uk/hisave_fr_interest_rates.html

tradetime

Baldur wrote: »

....but applies a penal rate of 2% if you actually use the early access facility - http://www.icicibank.co.uk/hisave_fr_interest_rates.html

:rotfl::rotfl::rotfl:I hadn't seen that, what can I say, typical bwanks, all run by b!!!!!!s.

KingL

FWIW, the penal rate is applied to amounts you withdraw. Any remaining (untouched) funds continue getting the full rate.

skiman1

ICICI have just sent this e mail - it looks like no more early access accounts will be opened - I dont think this is a good sign

We are writing to let you know that with effect from December 24, 2008 the HiSAVE Fixed Rate Account - with early access, product has been withdrawn.

All existing HiSAVE Fixed Rate Accounts - with early access, will continue to be valid until the maturity date.

If you have applied previously for a HiSAVE Fixed Rate Account - with early access, you will be able to invest your funds, subject to your account being opened successfully.

All HiSAVE Fixed Rate Accounts - with early access, opened with the auto renewal option as 'Yes' will automatically change to non-renewal mode from February 01, 2009 and the maturity amount will be credited to your HiSAVE Savings account or your nominated linked current account.

We recommend that you go through the revised HiSAVE Fixed Rate Account terms & conditions on our website www.icicibank.co.uk.

If you have any queries, please write to us at [EMAIL="ukdirect@icicibank.com"]ukdirect@icicibank.com[/EMAIL] or call at 08081 31 41 51 (free phone) and we will be glad to assist you.

Special_Saver2

ashbourne wrote: »

Are there any recommendations as to which is:

Best fixed rate saving account?

Best fixed rate savings that allows access?

Best fixed rate savings that allows further deposits?
.

I can think of two sorts of account that might meet your requirements:

1. Halifax Guaranteed Saver Reward

• Minimum/maximum balance - £2,500 up to £9 million
• Withdrawals - 4 withdrawals within the 12 month reward period
• Unlimited number of deposits into your Halifax Guaranteed Saver Reward.
• Manage your savings - in branch, by telephone, online 24/7 and by cash card
• One account per person
• Limited offer - could be withdrawn at any time
• After 12 months, or if the Halifax Guaranteed Saver Reward balance drops below £2,500, or more than 4 withdrawals are made during the 12 month reward period, Halifax Guaranteed Saver interest rates and conditions will apply.

If you open and fund it right now, the interest rate will be fixed at 3.5% on £2,500-£119,999 and 3.6% on £120,000 or more. If you are interested then click here.

I am lucky enough to have opened one of these accounts when the interest rate was fixed at a much higher rate than the current one.

2. Regular Savings accounts - there are a couple of regular savings accounts which are fixed rate accounts and offer one penalty free withdrawal (e.g. Norwich & Peterborough Family Saver) or a relatively minor penalty in the month of withdrawal (e.g. Barclays and Abbey regular saver accounts). Have a look at my thread here - each entry has a line called "Penalty-free withdrawals" which shows you at a glance what you are looking for! Be careful though - those posts contain a mixture of fixed rate and variable rate accounts.

All the best,
SS2

ashbourne

thanks,

I already have that Halifax guaranteed saver one but am maxed out but am wondering if i should risk going over the 50k guarantee?