Fixed Rate Bonds.

Moneybags_2

Is anyone buying Fixed rate Bonds at the moment? I want to have a few bob away that I can't get at for one year. The current rates are diabolical and scratching around to find the best of a bad lot. I don't want to take a chance on theses what I call hot house companies that offer too good to believe rates Gross and Net.

Any thoughts on fixed rate bonds you will share please?

Archi_Bald

How much money is involved? With a bit of work, you can average 4% AER in various accounts for a total of some £50K, or £120K if joint accounts are an option.

Moneybags_2

I have recently opened two 8k each with a hight street bank/building soc. and the net interest is 1.20% on each fxd rate 1 year bond and maturing in Nov 2016. I dont do online saving so a bit limited possibly. Probably could have done better but done it now.

jimjames

Ouch. 1.2% when you could have got 5%, that's a shame

colsten

Ouch indeed. One. Point. Two. Percent. #facepalm.

For people who can't for some reason do online banking, 1 year fixed term accounts should pay at least 2%.
For example (but this is not an exclusive list of options) http://moneyfacts.co.uk/savings/1-year-fixed-rate-bonds/

ViolaLass

Why don't you do online saving? You can clearly cope with the internet since you posted on here.

Moneybags_2

ViolaLass wrote: »

Why don't you do online saving? You can clearly cope with the internet since you posted on here.

Yes, I can cope with the Net in general but am not inclined to invest online at the moment. I am recently bereaved and find it hard to cope at the moment with online money matters.

Moneybags_2

colsten wrote: »

Ouch indeed. One. Point. Two. Percent. #facepalm.

For people who can't for some reason do online banking, 1 year fixed term accounts should pay at least 2%.
For example (but this is not an exclusive list of options)

Thanks for the link, will browse.

Moneybags_2

jimjames wrote: »

Ouch. 1.2% when you could have got 5%, that's a shame

Thanks, Jim James.:) Too good to be true rates is so true...

mollycat

Moneybags wrote: »

colsten wrote: »

Ouch indeed. One. Point. Two. Percent. #facepalm.

For people who can't for some reason do online banking, 1 year fixed term accounts should pay at least 2%.
For example (but this is not an exclusive list of options)

Thanks for the link, will browse.

Can't understand why you would use time doing this; post after post after post on this site explaining how to easily get 5%.

jimjames

Moneybags wrote: »

Thanks, Jim James.:) Too good to be true rates is so true...

5% is genuine though. My sig refers to scam investments not current accounts.