Leeds Or Skipton Bs Fixed Rate Bond?

savingsara_2

I'd like to invest £500 in one or the other of the above building societies (Prefer to be able to visit branch if necessary, feel more secure that way!!).
Trouble is, I can't decide which one to go for.....I already have a branch access account with the Skipton, so would it be wise to invest further money there? At least I wouldn't have to go through the rigmorole (sp) of proving address/id etc.
I can tie it up 2-3 years...

bristolleedsfan

savingsara wrote: »

I'd like to invest 25K in one or the other of the above building societies (Prefer to be able to visit branch if necessary, feel more secure that way!!).
Trouble is, I can't decide which one to go for.....I already have a branch access account with the Skipton, so would it be wise to invest further money there? At least I wouldn't have to go through the rigmorole (sp) of proving address/id etc.
I can tie it up 2-3 years...

if u determined that it has to be 1 of the 2 u named then leeds BS 2 year fix @6.2% would prob be best although personally if i was going to fix i wouldnt fix for more than a year and would go for a 6.3 ish % gross 1 year fixed bond, which would exclude both the building societies u mention


http://www.leedsbuildingsociety.co.uk/savings/rates_notice.html
http://www.skipton.co.uk/investments/products/1_year_fixed_rate_bond/disclaimer.asp

on 25000, fixing for one year at skipton would cost u 75.00 ish gross compared with what u could get elsewhere on a 1 year fixed rate bond

savingsara_2

Thanks Bristolleedsfan
perhaps I should look around for a 6.3%-ish fixed rate one year bond then. I'll do a bit more searching, though I will still probably stick to building socs that have branches within a 15 mile radius of me :rolleyes: !

bristolleedsfan

savingsara wrote: »

Thanks Bristolleedsfan
perhaps I should look around for a 6.3%-ish fixed rate one year bond then. I'll do a bit more searching, though I will still probably stick to building socs that have branches within a 15 mile radius of me :rolleyes: !

heres 2 offering the rate prob none close to u though :rotfl:

http://forums.moneysavingexpert.com/showthread.html?t=462567

halifax fixed rate websaver perfectly safe :rotfl:

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

Hay_Sun

Hi savingsara,

I too am interested in the Skipton 1 Year Fixed account, as my money is also already with them. This means that when my 1 year bond matures at the end of this month, I won't have to wait for them to send me a cheque and I won't have to wait for it to clear before my money goes into a new account with another provider, potentially cancelling out any gains of a higher rate of interest.

Anyway, back to the point at hand, I called up Skipton today, because their 1 year fixed rate bond has disappeared from the website. According to the chappie on the phone, it was removed yesterday (Thurs 7 June), but will be reissued on Monday (11 June) with a higher rate of interest. He hadn't yet been informed of the exact figure, but predicts it will be around 6.15-6.25%.

bristolleedsfan

i believe theres now two providers offering 1 year fixed rate @6.45% gross

ED

savingsara - If you are a tax payer, another option may be to put £15,000 into tax-free Index Linked Savings Certificates - see National Savings and Investments website :

http://www.nsandi.com/products/ilsc/rates.jsp

May be worth following some of their internal 'links' to evaluate current estimated equivalent gain - not precise, as it depends on inflation in the 3-year term.Proof of iD+address is done without risk of postal interception.

derrick

bristolleedsfan wrote: »

i believe theres now two providers offering 1 year fixed rate @6.45% gross

Derbyshire BS

Anglo Irish bank