Fix now or wait?

Ifts

LeoC wrote: »

I know that the more I wait for a good deal, the higher the new deal will have to be to compensate for the time that I could've been earning 3.6% and instead had been earning only 3.1%.

This is why I just go for the best fixed term deal available at the time.


calypso rhapsody - Shawcross? think you mean Shawbrook

Ifts

Article on ThisisMoney.co.uk website about fixed rate bonds, difference in rates between 2008 and now:

http://www.thisismoney.co.uk/money/saving/article-2097328/Savings-chart-How-fixed-rate-bonds-plunged-income-fall-40.html

RetiredInThailand

At the moment a lot of banks are paying quite high rates for long-term bonds purely in order to increase their capital ratios, and they are paying over the odds to do so. I think it's a good idea to take advantage of it whilst it's there as once they have what they need they will drop the rates again.

I dont see base rates increasing much, if at all, over the next 3 or 4 years, unless there is some sort of global meltdown in which case everyone is screwed anyway.

LeoC

All good points for fixing. In the end instead of fixing for 1 year I went for C&G's 3-year step bond, sounded like a good deal to me...

Thanks.