Best Fixed Rate Bond For One Year

jeanssis

Removed by

bristolleedsfan

jeanssis wrote: »

I have a large sum maturing on 18th August from a one year fixed rate bond with Birmingham Midshires.
They say their latest rate for same is 6.56% gross. (I claim gross, I don't work)
I'm usually great at Googling but I can't find comparisons between Bonds.
I need to sort out where to put this money asap. Apart from giving you it, ha ha !)
Any help please. Much appreciated.

http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rate-savings-accounts.aspx

as of now

Stavros_3

Birmingham midshires at 5.3% NET seems quite attractive

jeanssis

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free4440273

i think Leeds BS are offering 6.70 gross with their one/two/three year postal bonds - my nationwide bond expires in october and Leeds' rate seems the best so far.

Stavros_3

jeanssis wrote: »

Stavros, I've ALREADY been offered 6.56% gross by BM so why you said that !

OK thats 6.56% Gross, what does that equate to Net which was the rate I quoted, i.e 5.3% NET which isn't far off some Isa's being quoted

bristolleedsfan

jeanssis wrote: »

I see BM are offering an internet one year fixed rate band 6.70% but getting my money from the ordinary BM a/c to the internet one could cause me problems & lack of interest.

Amount is £25,000 so I need it to be gaining interest asap.

if u transferring funds within the same organisation, u shouldnt suffer any loss of interest, might be worth you asking BM whether you would lose interest. ( just say that if u are going to lose interest u might as well move to someone else paying the same rate, even though u arent intending to )

theres no reason at all why transferring to BM 1 year fixed online bond should cause any problems or loss of interest.

its true some accounts pay nearly as much net as some isas pay "tax free".

isofa

This thread:

http://forums.moneysavingexpert.com/showthread.html?t=519358

Has a discussion on the latest bonds at 6.70 and 6.71% gross.

Which might help!

jeanssis

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averi

Hi
Can a 16 year old open a fixed rate bond ?

jeanssis

averi wrote: »

Hi
Can a 16 year old open a fixed rate bond ?

Would seem so averi, look http://www.google.com/custom?q=fixed+rate+bond+at+age+16&sa=Search&client=pub-2456819124576563&forid=1&oe=UTF-8&cof=GALT%3A008000%3BDIV%3Af4f4f4%3BVLC%3A551A8B%3BALC%3AFF0000%3BLC%3A0000CC%3BBGC%3AFFFFFF%3BT%3A000000%3BGFNT%3A7777CC%3BGIMP%3AA90A08%3BFORID%3A1%3BL%3Ahttp%3A%2F%2Fwww2l.incredimail.com%2Fimages%2Fgoogle_h_p%2Fenvelope_38_30.gif%3BS%3Ahttp%3A%2F%2Fmystart.incredimail.com%2Fenglish%2F%3BLH%3A30%3BLW%3A38%3BLP%3A1%3B&hl=en&channel=4184416778