fixed-rate bonds - 6.70 per cent the peak?

bristolleedsfan

free4440273 wrote: »

not quite, even i know things are not that simplistic:rolleyes: . basically, it's bizzare and/or just my bad luck that all of the 6.70 gross rates have been pulled in the last month. bottom line is this for me: i am looking for monthly interest of 5.10 net and cannot find this anywhere. had those multiple 6.70 rates stayed intact i would have been ok. I'm actually quite depressed about it for some reason. Savers just keep on getting a raw deal even though the govt. (inept as it is) should be encouraging more saving...

if i had 200000 to stick somewhere id be depressed ( not) re the situation you describe. :rotfl:

what will you do if rates fall 0.25% by october. :rotfl:

free4440273

bristolleedsfan wrote: »

if i had 200000 to stick somewhere id be depressed ( not) re the situation you describe. :rotfl:

LOL. i just knew someone on here was going to say that BLF:rolleyes: What I need to explain is this: three years from when it was invested in a nationwide bond (october 2004), i am now looking to reinvest and looking for a better rate - rates having risen 'significantly' since then. and i am still, as then, looking for the monthly interest option because it contributes towards my mortgage. so yeah, i can understand how some would think i am being pedantic about this, but the monthly rate really does matter. as i said, 5.10 net would be acceptable to me - but i can't even get that since the 6.70 gross deals were pulled:mad: Obviously, rates have not risen 'significantly' enough.

bristolleedsfan wrote: »

what will you do if rates fall 0.25% by october. :rotfl:

edit: the BofE is so b***** inept, they probably will cut by october - in fact, i can guarantee it. oh well, long may the housing boom continue; house price increases to infinity and beyond i say. let's just throw common-sense out the window and keep on screwing savers. What the hell is a saver anyway???:rolleyes::rolleyes:

Primrose

I think 6.7% being offered by Birm Mid is very competitive, and when our current bond with them matures in two weeks time we're going to roll it over into the 6.7% one. I think we might see one more .25% interest rate hike before Christmas and this would still marginally be better than ICESAVE. I certainly wouldn't commit any savings for longer than 12 months at the moment. I think Birmingham Midshires are really on the ball and competitive. We have a number of 1 year bonds with them which we've been rolling over as we can commit for 12 months and if you want to do this they're very helpful and will take instructions over the phone, either adding the interest to the amount rolled over, or sending a cheque if you want to take the interest separately.

bristolleedsfan

birmingham midshires 1 year fixed bond gives a monthly interest option, if u take a 1 year option u will be able to spend following twelve months fretting about interest rate movements.

http://www.moneyfacts.co.uk/applyframes.aspx?Url=http://ad.uk.doubleclick.net/clk;124699853;18392984;e&&&Account=Internet%20Fixed%20Rate%20Bond&Rate=6.70%&AER=6.70%&Notice%20Term=1%20Year%20Bond&Deposit=%c2%a31

Old_Slaphead

Primrose wrote: »

I think 6.7% being offered by Birm Mid is very competitive, and when our current bond with them matures in two weeks time we're going to roll it over into the 6.7% one.

I think Birmingham Midshires are really on the ball and competitive.

If that's so then IMO this rate won't be available in 2 weeks. They'll probably be stuffed full of money by then.

free4440273

thanks both. yes, i did look at BMS and it is indeed 6.70 gross as you say. trouble is, i want my monies tied up for three years (or two years at least). i personally see rates going up .25 per cent (and perhaps not even that): after this they are going down IMO. thanks again

BWZN93

New bonds are being released at Nationwide very very shortly which should be of interest

Jo x

free4440273

jw1096 wrote: »

New bonds are being released at Nationwide very very shortly which should be of interest

Jo x

you have put a smile on my face . did you hear this from a press release or otherwise, if you don't mind me asking?

MattB_4

Jo works for Nationwide (as do I). Old bonds pulled from COB today. New 1 year bonds (Fixed Rate, Loyalty Fixed Rate, and e-Bond) out tomorrow. No 2 or 3 years I'm afraid.

free4440273

MattB wrote: »

Jo works for Nationwide (as do I). Old bonds pulled from COB today. New 1 year bonds (Fixed Rate, Loyalty Fixed Rate, and e-Bond) out tomorrow. No 2 or 3 years I'm afraid.

I give up.