Chelsea Building Society 1year fix 6.20% gross

bristolleedsfan

not spectacular, people might say wait and c if any 6.50 1 year fixes are offered, or wait till next rate meeting :rotfl:

as saying goes tomorrow never comes as theirs always a tomorrow

might suit someone whos wanting to fix now for a year

http://www.moneyextra.com/news/news-bonding-with-030105.html

nilrem_2

That's not bad TBH, I have found the Chelsea pretty good over the many years that I have been with them, just recently I reinvested some maturing fixed rate bonds with them at 5.75% (monthly interest) but had I waited I would have lost quite a bit whilst waiting so I can't complain, with rising interest rates there is always something better around the corner!

bristolleedsfan

nilrem wrote: »

That's not bad TBH, I have found the Chelsea pretty good over the many years that I have been with them, just recently I reinvested some maturing fixed rate bonds with them at 5.75% (monthly interest) but had I waited I would have lost quite a bit whilst waiting so I can't complain, with rising interest rates there is always something better around the corner!

in last few months theirs been a couple of 6.2% ish i year fixes, people that have been waiting for poss better deals will have on the whole been earning slightly less interest in the last few months than some of the 1 year fixes, personally unless a 1 year fixed was 1% higher than the best variable rate account i would stick with variables even if earning slightly less interest as more flexible, can be filtered into ongoing reg savers, and not got the problem in 12 months time of having to stick the lump sum somewhere on maturity, who knows whether the best deals ill be in feb 2008, may 2008 or august 2008, some people havent got time to keep chasing best rates and like the piece of mind of jumping on the best 1 year fixed at a given time ( nothing wrong with that)

skipton BS launched a 1 year fixed at start of week paying 5.91% which is one of the poorest 1 year fixed rates offered so far in 2007, which indicates 1 year fixes will remain around 6.2% gross unless theres another impending rate rise imo