Highest interest you have

longleggedhair

I took out a five year fixed rate ISA with Halifax at 4.5% in 2012 when I had a number of other ISA's maturing and wanted them in one place. I agonised at the time because I was worried rates would be going up soon and I was locking into a poor deal! The cashier at the time even passed comment about was I sure because rates would be going up soon!

Turned out to be one of my best decisions in retrospect. Only problem is I have to find a new home for 40k next year....

jimjames

darkidoe wrote: »

So is that fall in price a sale!!? I wonder how you are tolerating the drop in capital, or are you just shrugging it off and focusing on the dividends? AMC of 0.75% but TER of 42.81%?? How do they work it out??

It's a highly geared split capital trust so many normal measures are very hard to calculate on the ordinary shares and give very odd numbers as a result.

jimjames

longleggedhair wrote: »

Turned out to be one of my best decisions in retrospect. Only problem is I have to find a new home for 40k next year....

If you're repeatedly taking out 5 year fixed rate products, any reason why you're not investing it instead? Or do you already have other investments?

longleggedhair

jimjames wrote: »

If you're repeatedly taking out 5 year fixed rate products, any reason why you're not investing it instead? Or do you already have other investments?

Hi Jimjames, yes I do have investments, however this is my cash element. It's probably about 20% of the portfolio but I like to keep it in cash for stability.

soulsaver

If you took out the Punjab National Bank UK 5 yr fixed & stepped interest ac when it launched in O6/2012 you'd have been getting 5.2% for the (4th)year to July 2016; and be getting 5.8% until July next year... in an FSCS protected bank account.