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Flex vs fixed rate savings
Micutus_of_borg
Posts: 1 Newbie
Hi. Looking at getting a regular saver account to help save for a holiday and I am unsure if I should go flex or fixed rate. How reactive will interests rates be with regards to corona virus? With the world slowly phasing out of lockdown then back to a semblance of normality are interest rates likey to rise as economies recover and for that matter would they fall lower if there is a 2nd wave?
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Comments
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I very much doubt interest rates in savings accounts will be rising anytime soon, so choose which account(s) is/are most suited to your circumstances."If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett
Save £12k in 2025 - #024 £1,450 / £15,000 (9%)0 -
"According to a recent Bank of England (BoE) survey it looks like some savers might be a bit out of touch with reality" https://www.hl.co.uk/news/articles/could-savings-rates-be-on-the-rise
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Absolutely no idea!Now a gainfully employed bassist again - WooHoo!0
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