Cash ISAs: The Best Currently Available List

jungleboy123

https://forums.moneysavingexpert.com/discussion/comment/81990905#Comment_81990905

ok a stupid thing i did (very stupid) but when i prompted ai and asked why so generous fixed interest rates at the moment it said the opposite (which confused me because i agreed with you).

Both ai systems said that the reason for high fix rates is because they expect a drop later on, so they are pricing in that the 4.5% is how high rates could plateau before dropping.

I don't really understand that logic. I was going to rush and put in a 1/2 yr fix with banks offering some cashback, but not decided.

MeteredOut

https://forums.moneysavingexpert.com/discussion/comment/81991046#Comment_81991046

The answer will likely have depended on how you phrased your question. If you, as suggested above, asked why the rates are so generous just now, the response will be skewed into answering why they are generous (AI always tries to please).

CeliaSeas

https://forums.moneysavingexpert.com/discussion/comment/81991205#Comment_81991205

I agree. It's in the interests of the AI company to tell you what you want to hear(at least to a certain extent) The more you start to like it and feel as if it's a conscious being and your friend, the more likely you are subscribe to the paid service.

And yes, to me the increase in fixed rates on offer suggests that they believe rates will go higher.