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Will expected change in interest rates affect ISAs
wasbrokegettingbetter
Posts: 68 Forumite
it is time for me and my partner to move our ISAs as the introductory rate is ending.
Should we move now and get just over 1.5% fixed for I year or is it worth waiting till the expected interest rate rise to see if we can get a slightly better rate?
Should we move now and get just over 1.5% fixed for I year or is it worth waiting till the expected interest rate rise to see if we can get a slightly better rate?
0
Comments
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Interest rate change is not guaranteed and also it isn't guaranteed to have any effect in the short-term on interest rates for both savings and ISAs. Indeed its possible it has no effect at all.0
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Fixed rates already factor in the perceived likelihood of rate rises or falls over the 1 year (or whatever) period. As it's generally regarded as a racing certainty that base rate will go up slightly next month, if it does it's very unlikely to have any significant effect on fixed savings rates by itself.0
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