bradford&bingley or Halifax

crazykazoo@hotmail

Hi, hope you can help,

My partner and I are going travelling for 6 months and have £50,000 to put into a savings account while we are away (we will need access to it when we return after 6 months).

There are so many savings accounts around and i'm getting a little confused.

Everybody is raving on about the bradford and bingley internet savings account paying 6.4% gross AER. However, this rate is variable, so surely no sooner will we put the savings in, the rate will drop???

The other option was with Halifax (or any similar set up with another bank) where you invest and the rate is fixed for your term, but this offers a slightly lower interest rate.

Could anybody advise as to what we should do? I was almost going to sign up for b&b until I realised the rate was not fixed for a period of time.

I would appreciate any response.

Thanks.

Karen.

[Deleted User]

Hi,

if you are happy with B&B, they are offering a 6 month fixed at 6.4% aer, via branch or post, have a look here.

sicker

I have just signed up for the B&B on-line savings account. It looks good to me.

John

beingjdc

On the one hand, share price fluctuations and lending patterns suggest Bradford and Bingley as a likely candidate to be "the next Northern Rock". On the other hand, that's a good rate and your amount of money should be protected under the new rules, and you'll be abroad anyway so miss the panic!

noh

Halifax is offering 6.4% fixed for 6 months.
http://www.halifax.co.uk/savings/fixedwebsaver.asp

Nigel