This is where my Vantage money will be going

newcastleneil

http://www.newcastle.co.uk/savings/PremierBond

Think I will stick it in here when Lloyds drop there rate on the Vantage accounts .Unless anybody has a better idea

Regards

Lokolo_2

Well for another 5 year bond from Principality, you can get 5.01%, marginally better than the 4.4%!

Also, have you maxed out your ISA allowance for this year? if not, then an ISA is the best option to start with as you can get 5% tax free!

newcastleneil

I may have missed something but isnt the above link virtually the same as a 6 month bond,And it pays 4.4%

newcastleneil

Blimey that was a quick reply .Yes I opened one the other day at Nationwide 4 years at 4.3%

Lokolo_2

newcastleneil wrote: »

I may have missed something but isnt the above link virtually the same as a 6 month bond,And it pays 4.4%

The Newcastle bond you quoted in your first post is a 5 year bond, the only thing "6 months" about it is the notice period for making withdrawals, bear in mind that this is nothing special and most bonds offer the same get-out clause, wouldn't you rather go for the higher rate?

newcastleneil

Yes Lokolo I checked that Principality one but its 360 days loss of intrest if you close early

Lokolo_2

newcastleneil wrote: »

Yes Lokolo I checked that Principality one but its 360 days loss of intrest if you close early

So you are gambling on the fact that interest rates will rise?

If you are wrong, then you could lose out not having chosen the higher rate in the first place, but it could go either way so it's your choice I suppose. :j

newcastleneil

I thought I was being crafty and getting 4.4% for what I see as the same as a 6 month bond .Open one shot your money in then tell them your giving them 160 days notice to close it

Lokolo_2

180 days, but to be fair it is a good option if you do see rates rising any time soon, then you can give notice and withdraw, I'm just saying you should consider the other perspective, if rates don't rise then you've lost out.

newcastleneil

We,ll at least theres a couple of months before Vantage rate goes down ,And maybe base rate will have gone up by then and there may be something else on the market to dabble with