We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Post Office New Bond and ISA Rates
typistretired
Posts: 2,099 Forumite
The Post Office has launched new fixed rate bonds and fixed rate ISAs. The 1 year bond and ISA are both paying 1.80% gross/AER, the 2 year bond and ISA are paying 2.25% gross/AER and the 3 year bond and ISA are paying 2.35% gross/AER.
"Look after your pennies and your pounds will look after themselves"
0
Comments
-
Depressing rates
I believe banks are going to try milk the transition period where the market is improving while still having low interest rates for savers tied up or a year or two, whilst getting higher interest rates for loans and mortgages.0 -
Depressing rates? Certainly, but it's currently almost the highest rate available for a 2yr bond (only two higher rates on moneysupermarket comparison site) ... and I think it's higher than what I could get a few weeks ago, but don't quote me on that.
BTW, "higher rates for mortgages" - is 1.99% (1.49% + base) a high rate?
I'm not trying to defend the banks at all, but let's not ignore a product which, in the current market place is one of the best.
My only query is that the leaflet I picked up at the PO today stated Issue 20, yet the website states issue 21. Though the rates appear to be the same. Maybe just a typo.0 -
They ARE depressing rates, whichever way you look at it.
In 2011, I had a 3 year fix at 4.25%, and as recently as 2012-13 a 3.5% rate for a year.
They were grim enough, but who could have foreseen that they would become rates we could only dream of?!
“In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing at all.” - Roosevelt0 -
Shockingly depressing. Not only ISA's but savings accounts also. Then the 'bail in' news is getting more vocal by the week, makes you think what's the point in banks.
Pay savers nothing, push debt down consumers, when it falls apart, haircut the savers.
Fook me.0 -
In the spirit of ‘I remember the good old days when you could get drunk for less than a pound’
2009
Halifax 1 year fixed 6.6%
Bradford & Bingley 2 year fixed 7.3%
Nationwide e-bond 1 year fixed 7.1%
Happy days!0 -
How much did you / people pay for their mortgages and loans back then?0
-
Archi_Bald wrote: »How much did you / people pay for their mortgages and loans back then?
Thanks for nothing Archi, you've just broken my rose-tinted spectacles!
Still happy days though.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards