We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Fixed rate ISAs - interest rates

Options
Tricky one. I'm with M&S variable at the moment. 5.75% guaranteed to equal BOE rate till Dec 2007. I'm thinking of moving to their fixed rate 6.16% ish. Where do people think interest rates will go in the next year or so. Some people are talking about 6.5% or even more. If that's the case are the non guaranteed rates going to be way behind the BOE rates or do you reckon they'll move up.

I guess what I'm worried about is fixing a rate and then finding the variable is higher than the fixed.

Comments

  • bristolleedsfan
    bristolleedsfan Posts: 12,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    imo u are best assessing the situation just before your guaranteed rate is due to end ( or switch to kent reliance variable rate isa now, as they have been excellent at passing on base rate increases on in full on its isa over a period of time (i believe it will be 6.21% from 1st august), you will be limited by the top paying variable rate and fixed rate isas that accept transfers in, in any event.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.7K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.4K Spending & Discounts
  • 243.7K Work, Benefits & Business
  • 598.5K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 256.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.