2 year fixed?

nat38

could you recommend a 2 year fixed account? we've got ~100k

also, would you fix it for 2 years, or maybe just for one first and then another one, as interest rates might go up in the meantime?

thanks!

opinions4u

Close Brothers.

Yorkshire Bank.

Clydesdale Bank.

https://forums.moneysavingexpert.com/discussion/3609609

Aim for 4%+.

C&G 3 Year Step Bond at 4.25% may also be an option.

Linton

nat38 wrote: »

could you recommend a 2 year fixed account? we've got ~100k

also, would you fix it for 2 years, or maybe just for one first and then another one, as interest rates might go up in the meantime?

thanks!

If you are concerned about interest rate charges you could have part in a 1 year fixed and the rest in a 2 year fixed. Also, if these were with different banks you would get below the £85K guarantee limit.

Ifts

nat38 wrote: »

could you recommend a 2 year fixed account? we've got ~100k
also, would you fix it for 2 years, or maybe just for one first and then another one, as interest rates might go up in the meantime?
thanks!

As mentioned by o4u Id go with the Close Brothers 2 year fix @ 4.25% - Premium Gold 2 year fixed term

You probably have to get in there quick as these offers are not around for long before they get pulled. Rates might go up and on the other hand they might go down?

For reference the last lot of Close Brothers fixed term accounts were paying: Premium Gold 18 month paying 4.00% and Premium Gold 3 Year paying 5.00% were launched 02-03-11 & withdrawn 14-03-11.

Close Brothers are covered by the Financial Services Compensation Scheme (FSCS) for up to £85,000 per person or cash in joint accounts counts as half each, so together you've £170,000 protection.

Blackdog

Another vote for Close Brothers from me. Sounds like it is just what you are looking for - 2 years fix at 4.25%

alanq

A one-year fix at 3.5% or 2-year for 4.25%? Assuming that you are absolutely sure that you won't need the money before two years but will want it then...Do you expect that you will be able to get 5%+ for a 1-year fix in a year's time? If not the 2-year fix now seems a good bet.

Blackdog

alanq wrote: »

A one-year fix at 3.5% or 2-year for 4.25%? Assuming that you are absolutely sure that you won't need the money before two years but will want it then...Do you expect that you will be able to get 5%+ for a 1-year fix in a year's time? If not the 2-year fix now seems a good bet.

Well said!:)