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1 year Bonds

I see Nationwide have a 1 Year Bond paying 5.2%,C&G

paying 5.25%,would I be better waiting `til after next

weeks meeting of the BOE in case interest rates go up

again,or should I invest now?!
A wise man changes his mind, a fool never will.
El sabio muda el consejo, el necio no.

Comments

  • johnllew
    johnllew Posts: 1,928 Forumite
    Puit the money in Cahoot's new savings account paying 5.5% and see what emerges after any BOE base rate rise.

    Cahoot
  • System
    System Posts: 178,364 Community Admin
    10,000 Posts Photogenic Name Dropper
    That Cahoot account is flawed. Only people over 21 can apply :-(
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • DiggingOut
    DiggingOut Posts: 770 Forumite
    That Cahoot account is flawed. Only people over 21 can apply :-(

    That's no flaw. It's compensation for the loss of our youth. ;)
    I have five stars! This doesn't mean that I know anything about any of the things I post. I could be a raving lunatic, or a brilliant genius, or just some guy on the internet. In fact, I could be all three at the same time.

    If anything I say makes sense, then do it. If not, don't. Don't blame me or my stars if you do something stupid because I suggested it. I'm responsible for my own stupidity only. You are responsible for yours.

    Why, I don't even have five stars anymore! Aren't you glad you aren't responsible for my stupidity?
  • ohit
    ohit Posts: 371 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Just so the OP knows, Birmingham Midshires has a better 1 year bond rate. 5.61% I think, but do check.

    HTH.
  • david78
    david78 Posts: 1,654 Forumite
    Egg has one at 5.35% but you must open before 31 August and minimum is £1000.
  • david78
    david78 Posts: 1,654 Forumite
    Tom,

    I didn;t answer your question. I would put the money in an instant access account and wait until providers have responded to today's hike in interest rates. The nationwide usually respond with an uplift in their bond rates. Not saying it will be the full 0.25% though.
  • Thanks to all that replied,is there a limit on how much

    can be invested some are 50K.
    A wise man changes his mind, a fool never will.
    El sabio muda el consejo, el necio no.
  • ohit
    ohit Posts: 371 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    There is yes. Most are about a million or two.

    Just check https://www.moneysupermarket.co.uk for a list with all the details for each deal.

    HTH.
  • A million or two,now that would be good eh i dont think anybody would be on here with that kind of money,is A&L.,not max. 50 K.
    A wise man changes his mind, a fool never will.
    El sabio muda el consejo, el necio no.
  • ohit
    ohit Posts: 371 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    i dont think anybody would be on here with that kind of money
    Heh.
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