The Top Fixed Interest Savings Discussion Area

ranciduk

2% of 50k is £1000 so I just assumed...!

wish I hadn’t bothered now 

refluxer

ranciduk said:

2% of 50k is £1000 so I just assumed...!

wish I hadn’t bothered now 

Interest rates are normally quoted as 'AER' (Annual Equivalent Rate) to make comparing savings accounts easier. For fixed periods of less than a year, you just need to work out the pro-rata amount.

IMO, the Shawbrook 6 month fixed rate account @ 2% is a good compromise and will allow you to take advantage of the (likely) much higher rates in November, rather than tying funds up at a rate not much higher than that (currently around 2.25%) for a year. I've already funded one and I'm thinking about putting more in.

Patr100

I think this is new (?)  Vanquis Bank have matched top payer Rayan on 2.27% (quarterly interest payout) 
but with monthly interest option if you need the income.

refluxer

Tandem have also increased their rates, putting their one year fix to within a whisker of the Vanquis rate. I predict a 2.3% 1 year fix from Atom coming soon...

janusdesign

I wonder if Flagstone complained to Moneyfacts as the tables used to list both versions of the Shawbrook 6-Month fixed account (Flagstone branded and Shawbrook direct), but now only lists the Flagstone version?

I worried at first that the issue has been closed, but it's still available.

Patr100

New top payer: Gatehouse Bank (Raisin Uk) have just hit the 2.30% mark -
 Interest Paid On Maturity

janusdesign

Patr100 said:

New top payer: Gatehouse Bank (Raisin Uk) have just hit the 2.30% mark -
 Interest Paid On Maturity

you can open it direct from Gatehouse too if you don't want to go via Raisin....

https://gatehousebank.com/personal/savings/fixed-term-deposits/1-year-fixed-term-deposit

Mumum

Hello everyone, best to fix for 1yr, 2yrs,3yrs or 5 yrs? One minute it's predicted that the bank of England base rates will go up to 2.5% by the end of next year (so 1 Yr would be best) the next it looks like we're heading for a crash (in which case best to fix for the longer term)?
What would you do out of the above choices?
Many thanks!

wmb194

Mumum said:

Hello everyone, best to fix for 1yr, 2yrs,3yrs or 5 yrs? One minute it's predicted that the bank of England base rates will go up to 2.5% by the end of next year (so 1 Yr would be best) the next it looks like we're heading for a crash (in which case best to fix for the longer term)?
What would you do out of the above choices?
Many thanks!

You've already asked this in your own thread.

https://forums.moneysavingexpert.com/discussion/6359536/fixed-rate-bonds#latest

RG2015

wmb194 said:

Mumum said:

Hello everyone, best to fix for 1yr, 2yrs,3yrs or 5 yrs? One minute it's predicted that the bank of England base rates will go up to 2.5% by the end of next year (so 1 Yr would be best) the next it looks like we're heading for a crash (in which case best to fix for the longer term)?
What would you do out of the above choices?
Many thanks!

You've already asked this in your own thread.

https://forums.moneysavingexpert.com/discussion/6359536/fixed-rate-bonds#latest

To be fair, the post here was 20 minutes before they started their own thread, and that has had several replies there and none here until yours.

This would appear to vindicate their decision to start their own thread.