Fixed rate bond

garcon6

What is the best fixed rate account to deposit £35,000 for 1 year.

garcon6

pbw

if you are over 50, sagas 1 year fixed bond at 3.75%
http://www.saga.co.uk/money-shop/savings/fixed-rate/

under 50, halifax 1 year fixed bond at 3.50%
http://www.halifax.co.uk/savings/fixedwebsaver.asp

Baldur

pbw wrote: »

,,,under 50, halifax 1 year fixed bond at 3.50%
http://www.halifax.co.uk/savings/fixedwebsaver.asp

There are several accounts which pay more than 3.50% for under 50s http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

Dustykitten

The post office are doing a one year fix at 3.70 which you can open in the name of a child which maybe useful for people looking for a better rate of interest on children's savings.

gozomark

what do you mean by best ?

interest rate
ease of opening and closing
customer service

do you require

branches, postal, internet

monthly or annual interest

do you want an account covered by UK guarantee ?

neil324

gozomark wrote: »

what do you mean by best ?

interest rate
ease of opening and closing
customer service

do you require

branches, postal, internet

monthly or annual interest

do you want an account covered by UK guarantee ?

I think he means the 'best' return.

http://www.moneyfacts.co.uk/money/savings/1/short-term-fixed-rate-bonds.aspx

gozomark

given that of the top 4 on that link, one is available to over 50s only, two are branches of foreign banks, and one isn't guaranteed by UK deposit insurance, thats a dangerous assumption

cashbackproblems

I have some money maturing soon with ICICI HI Fixed Rate accounts and will be reinvesting some of it in their 1yr fixed rate bond and the rest in shares. They generally tend to be the highest paying bonds.

neil324

gozomark wrote: »

given that of the top 4 on that link, one is available to over 50s only, two are branches of foreign banks, and one isn't guaranteed by UK deposit insurance, thats a dangerous assumption

So is pushing to hard when you fart, what's your point? Anything wrong with the post office?

D1zzy

I'd make sure you get 21K in 3 x lloyds vantage accounts @ 4% (since there are no 1 yr fixed rates giving this at the mo) and then do a 1 yr fix with the rest.
You may also wish to consider putting the remaining 14K in a 5 year fix a 5.1% ish - with a withdrawal for 90 days loss of interest option. If you withdrew after 1 year, net of 20% tax you would only be £20 worse off than putting it in a 1 year fix @ 3.7 % but you would still have the option to continue at 5.1 %.

gozomark

Neil324 : The post office accounts are guaranteed by the Irish, not the UK. I don't have an issue with that, but some do. My point, as you so eloquently put it, is that those at the top of the tables often have some "issue" attached to them.