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Is it time to go fixed for cash?
frankie
Posts: 848 Forumite
Looking at all the doom and gloom around I'm wondering now whether the predicted rise in interest rates will now happen.
So, have interest rates now peaked and is it the time to look for short term fixed deals for cash savings. My best savings account is with Icesave but I've seen fixed rates of 6.7 for one year.
So, have interest rates now peaked and is it the time to look for short term fixed deals for cash savings. My best savings account is with Icesave but I've seen fixed rates of 6.7 for one year.
0
Comments
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More rate rises to come, stay fluid, do not believe the hype!0
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I think there will be a least one more rate rise this year, if not more. But I could be wrong
You can get 6.70, 6.71 and 6.72% for fixed rate bonds at the moment.
Icesave is a good choice at 6.2%, and will rise when the base rate does (hopefully!). ICICI is a little higher at 6.3%.0
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