1 year fixed bond 6.3% gross

edda

There are now 2 offerings for a fixed 1 year bond at 6.3% gross.

West Brom Building Soc:

http://www.westbrom.co.uk/westbrom/savings.product?id=3146&FROM_CAMPAIGN=true&CAMPAIGN_SRC=HOME_PAGE

Min. investment is £1000
Matures on 31st May 2008

Halifax:

http://www.halifax.co.uk/savings/fixedwebsaver.asp

Min. investment £500
Lower interest rates for other periods of time

Lets hope more join in the competition and rates continue to rise for savers.

MillzE

From the West Brom account:

"No withdrawals or additional investments allowed"

Does this mean you can't add to the account after the initial opening payment??

Thx,

Matt

nilrem_2

MillzE wrote: »

From the West Brom account:

"No withdrawals or additional investments allowed"

Does this mean you can't add to the account after the initial opening payment??

Matt

In this case it seem to be so, but many societies do allow you to add to the bond up until a certain date or when they stop taking on new bonds.

Bazn

and many banks/building socs allow u to opn more than one bond, so you could just open another one if u wanted to put more money in... that is assuming its still available.

Lorian

Watch the punative fees for early closure/withdraws

trinidadone

with instant access to a HISAVE account with ICIC at 6.05% whats the point of locking money away for a year or more at 6.03%

Liz_the_Whizz

Well, I suppose the point is that ICICI etc are all variable rates, so if you can get your money into a high interest fixed rate bond just when the other rates start to fall, you could be onto a winner.

But with predictions that the BoE rate may be up again soon, 6.3% fixed might not look so great.

Decisions, decisions......

graham_8_2

I notice that ICICI are now doing a one year fixed rate 'term' at 6.30% Gross/AER.............

trinidadone

savings seem to be more attractive than regular

ManAtHome

Latest rates are Birmingham Midshires 6.35% (minimum £1), West Brom 6.36% (minimum £1000).

dealsearcher

There have been a number of threads warning against ICIC.