My 12month Bond Ends 27th Jan

geoffky

I Have 270k Bond That Was 6% (those Were The Days) So I Am Now Looking For A Home For It On A 6 Or 12mnth Bond Anyone Tell Me Whats The Best Rate In A Uk Bank Apart From Barclys Northern Rock And A&l As I Am Maxed Out In Them Already..thanks

meatandtwoveg

geoffky wrote: »

I Have 270k Bond That Was 6% (those Were The Days) So I Am Now Looking For A Home For It On A 6 Or 12mnth Bond Anyone Tell Me Whats The Best Rate In A Uk Bank Apart From Barclys Northern Rock And A&l As I Am Maxed Out In Them Already..thanks

270k in one bond, nice very nice, but it looks like you will have to take a 33% haircut thanks to out great leader?


Chelsea do a good deal nice and safe aswell

http://www.thechelsea.co.uk/savings/invest_fixrateops2_intro.html

Are you a STR or retired?:beer:

lolly5648

meatandtwoveg wrote: »

Are you a STR or retired?:beer:

What is an STR? (just curious)

meatandtwoveg

lolly5648 wrote: »

What is an STR? (just curious)

Sell to Rent:j

lolly5648

Wow, that was a quick response, thanks.

sabretoothtigger

STR, news to me. I presume theres quite a few of those peoples then.
I'd never think of doing such a thing, only massively downgrading and then you are still partially in the market. Rent always seems a waste to me But I suppose families cannot be downgraded

You can literally buy a bond that tracks ftse performance but will not fall in value. That would be a five year thing. There is probably all sorts of safe products besides deposits especially for such a large amount.

The real danger in future according to some would be inflation and its effects on cash

newsaver2008

I very much agree with Sabretoothtigger. I came into £200K after the death of my father and at the time I invested it because the rates were good but then, as I was preparing to live abroad again, and because I am SICK of renting (crooked landlords twice refusing to refund deposit, arbitrary rent increases, shoddy accommodation etc etc...) bought an apartment using over half of the sum I had and the rest is to be part savings and part living off it until I find work. I figured that rent is an ongoing, large outgoing, and is money out of the window unless the money one has left on deposit produces decent returns which nowadays it does not. Even £270K at the lousy rates around now would not produce a huge return and given that it matures on 27.1 which is after another widely predicted rate cut by BoE, it would surely be shrinking capital.
Getting off the property ladder is always risky unless one is only going to do it for a very short period of time.