60K and the best place for it with highest interest

stolt

DiggerUK wrote: »

The thread is currently on page 5. Yes you can move it later.

Take the advice not to lock money away for more than 1 year.

thanks for all the advice, yep understand about not locking it in

stolt

Thanks for all there replies, something to look at tonight when i get in and try to let it all sink in. Are there any decetn 6month fixes about?

stolt

would this product be a good alternative... http://www.skipton.co.uk/savings_and_investments/e-savings/online_fixed_rate_bonds/limited_edition.aspx

Steve_xx

This 3.87% is a bond so you would be stuck with it until 28 Feb 2010 - not long I know. Meanwhile you could get 3.15% with Birmingham Midshires without your cash being tied.

The thing is, to me it seems that rates for savers are edging upwards, regardless of the Bank of England base rate. Now it could be that this trend will continue for some while, and then if base rates are hiked too then of course savers rates will follow.

It's a hard one to call really but at least you are not committed for too long.

stolt

Steve_xx wrote: »

This 3.87% is a bond so you would be stuck with it until 28 Feb 2010 - not long I know. Meanwhile you could get 3.15% with Birmingham Midshires without your cash being tied.

The thing is, to me it seems that rates for savers are edging upwards, regardless of the Bank of England base rate. Now it could be that this trend will continue for some while, and then if base rates are hiked too then of course savers rates will follow.

It's a hard one to call really but at least you are not committed for too long.

yes thats very true, thankyou. it seems that the birmingham midshires account is currently the best out there then for my money.

DiggerUK

stolt wrote: »

would this product be a good alternative... http://www.skipton.co.uk/savings_and_investments/e-savings/online_fixed_rate_bonds/limited_edition.aspx[/QUOTE]

Stolt,
It seems you have been working the sites.
Always easy helping those who help themselves.
The Skipton is a good offer, not tied up too long. I'd put some in there.
Put this in your favourites it has all the Building Societies links.
http://www.bsa.org.uk/aboutus/buildsocmember.htm

These offers come up regular, once they have raised the funds they need then they disappear just as quick. Don't worry if you miss one, they're like buses.

stolt

DiggerUK wrote: »

stolt wrote: »

would this product be a good alternative... http://www.skipton.co.uk/savings_and_investments/e-savings/online_fixed_rate_bonds/limited_edition.aspx

Stolt,
It seems you have been working the sites.
Always easy helping those who help themselves.
The Skipton is a good offer, not tied up too long. I'd put some in there.
Put this in your favourites it has all the Building Societies links.
http://www.bsa.org.uk/aboutus/buildsocmember.htm

These offers come up regular, once they have raised the funds they need then they disappear just as quick. Don't worry if you miss one, they're like buses.

thanks for link (thats really useful), filled in my form for birmingham midshires this morning so will put some in there. do you think its worth splitting the money equally between skipton, birmingham midshires and then holding the rest for the next decent product to be released.

DiggerUK

If you spread it around you have the advantage if they go belly up. Your not left in limbo whilst waiting for the compensation to come through by having all funds in one pot.
Other advantage is, if you have a bond coming due every 2/3 months you have a rolling programme of funds being available.
Then you can always be moving to best rate going.

Have some fun, put some instant access in Premium Bonds.

stolt

DiggerUK wrote: »

If you spread it around you have the advantage if they go belly up. Your not left in limbo whilst waiting for the compensation to come through by having all funds in one pot.
Other advantage is, if you have a bond coming due every 2/3 months you have a rolling programme of funds being available.
Then you can always be moving to best rate going.

Have some fun, put some instant access in Premium Bonds.

oh yes, premium bonds have got to be worth a punt aswell for a small amoutn of cash..

Steve_xx

Have you considered your ISA's for this year? Newcastle Building Soc have a new ISA that pays 5% fixed for 5 years.

Here's a link to it:

http://www.newcastle.co.uk/savings/5yearfixedrateisa