fixed-rate bonds - 6.70 per cent the peak?

bristolleedsfan

free4440273 wrote: »

and perhaps they could have the equivalent rate for a three year bond!

personally i think pity nationwide didnt go 6.72% or 6.75% then someone else might have gone 6.80%. [URL="javascript:add_smilie("][/URL]

free4440273

You've got my vote there BLF; something i suggested earlier to jw1096. Anyhow, back to reading the best-buy savings rates on bonds in the weekend papers for me. Just in case you folk have not noticed :rolleyes: i am looking for monthly interest of 5.10 NET. Just a hint;)

Moonbeam

For those that want a short-term option HBOS are offering their fixed rate websaver for 6 months at 6.71%, net 5.28%

or

9 month option at 6.45%, net 5.12%

Thomas_Crown

MattB wrote: »

Do any older members remember the highest rates on offer for Fixed Rate Bonds in the last 20 or 30 years? Just out of interest! I think i remember my Dad telling me he had a Halifax Building Society (or whatever they were) branch based account paying 14% gross so there must have been some crazy rates out there!

''Older members''? Hmm....that must include me then as I remember the days of high interest on savings accounts BUT! that has to be judged against the prevailing rate of inflation at the time. MattB, would you believe that 30 years ago back in 1977 inflation reached 23%!? :shocked:

free4440273

yes, i know we had Stroud and Swindon offering an even higher rate but, given what's happened in the credit markets, does anyone think a rate of 6.70 for bonds will still be with us in a few weeks? or, is it all the way down now? thanks

Paul.J.M

you can get over 7% now with a few providers i have seen 7.05% AER GROSS with stroud and swindon, there is more out there. I think they may get a little better as well, if you can wait a few weeks.

free4440273

Paul.J.M wrote: »

you can get over 7% now with a few providers i have seen 7.05% AER GROSS with stroud and swindon, there is more out there. I think they may get a little better as well, if you can wait a few weeks.

yes, i can wait. my current bond with nationwide expires in three weeks. i would re-invest with NW but they don't even do two/three year bonds now:mad: . I was thinking of Scarborough or Heritable Bank. If anybody has any good/bad experiences of these two i would really appreciate it as the monies i have to invest are quite large (£200K). Thanks all

rarrarrar

Stroud and Swindon have just withdrawn their 7.05% bond and now have a 6.95% bond.

Standard Life are still offering 7.00% for 6months- doesnt show up on moneysupermarket list but does on moneyfacts.

caliston

Standard Life's 7% offer was full at about 16:10 today, they've now dropped back to a 6.75% offer. There are some other people on Moneyfacts.co.uk issuing 6.91% for 11 months (network too slow to check right now)

I wonder if these sorts of rates are likely to continue, or whether it's just based on the current panic? If interbank rates are heading up it'd make sense for institutions to attract money from savers with a-bit-less-than-interbank-rates, whatever Bank of England base rates are, but I wonder how long this is likely to be the case?

free4440273

free4440273 wrote: »

yes, i can wait. my current bond with nationwide expires in three weeks. i would re-invest with NW but they don't even do two/three year bonds now:mad: . I was thinking of Scarborough or Heritable Bank. If anybody has any good/bad experiences of these two i would really appreciate it as the monies i have to invest are quite large (£200K). Thanks all

OK, i have till Thursday morning to decide: looks like i will be opting for nationwide's 6.70 rate (monthly option). would have preferred a two year bond but they are only doing one year bonds for some reason. anyone know of other institutions which can better this rate; seems unlikely to me. I read that halifax web saver was also a good rate - any comments on this and nationwide. much appreciated as always