The Top Fixed Interest Savings Discussion Area

pedrodelgado

bristolleedsfan said:

pedrodelgado said:

UTB 5 yr is 5.05 not 5.0 as it says on mse. Opened one yesterday will hold off funding it though, got the 5.05 locked in, have 14 days to fund or it gets closed.

Gatehouse Bank 5.10% - 5 year

Sharia though, if you don't mid the (very little) risk.

pedrodelgado

t1redmonkey said:

Steve_xx said:

t1redmonkey said:

duckson said:

Why do we think there will be a drop in rates offered considering the BoE BR rise and rises to come?

Because the BOE themselves came out yesterday and said they think the markets have got it wrong with regards to where interest rates will peak longer term, and were generally just sounding like they'd be reluctant to raise rates too aggressively going forwards.

However,  lest we forget that the Bank of England invariably get it wrong

Indeed, they may well get it wrong!  But at the same time, understandably a lot of banks will want to reassess what they are currently offering (or were planning to offer in the near future) on their longer term fixed rates as a result of what the BOE are saying.

Hence the reason i'm not being tempted by 2yrs at 5% when I can get 5yrs at 5.05% if they drop rates in 2 yrs when it matures i'd have wished i'd gone for 5yrs. BTW if your tax status allows, the UTB 5yr I just opened pays out at maturity compounds annually so in effect it's annually gaining you 5.6% if you divide the total interest by 5 (yrs).

Swipe

pedrodelgado said:

bristolleedsfan said:

pedrodelgado said:

UTB 5 yr is 5.05 not 5.0 as it says on mse. Opened one yesterday will hold off funding it though, got the 5.05 locked in, have 14 days to fund or it gets closed.

Gatehouse Bank 5.10% - 5 year

Sharia though, if you don't mid the (very little) risk.

What? Sharia accounts aren't guaranteed returns?

Ted_01

Band7 said:

You get 5% at Gatehouse and Vanquis, 4.9% at Tandem / Close Brothers / UTB.  I'd hang on for a few more days but go for it if you feel you should strike now.

Are we expecting some new/better offerings next week? I hate this waiting game

Band7

Swipe said:

pedrodelgado said:

bristolleedsfan said:

pedrodelgado said:

UTB 5 yr is 5.05 not 5.0 as it says on mse. Opened one yesterday will hold off funding it though, got the 5.05 locked in, have 14 days to fund or it gets closed.

Gatehouse Bank 5.10% - 5 year

Sharia though, if you don't mid the (very little) risk.

What? Sharia accounts aren't guaranteed returns?

From the Gatehouse T&Cs:

Thumbs_Up

Ted_01 said:

Band7 said:

You get 5% at Gatehouse and Vanquis, 4.9% at Tandem / Close Brothers / UTB.  I'd hang on for a few more days but go for it if you feel you should strike now.

Are we expecting some new/better offerings next week? I hate this waiting game

You have to dive in sooner or later, the next BoE meeting is on 15th December. I’m  demanding expecting a Christmas bonus from the governors and a uplift 50 bps.

This will calm your nerves.

https://www.youtube.com/watch?v=0f1k14GQmNE

 

M4rtyman

Am I correct in saying, that the 5 year Fixed at Gatehouse, can be paid out monthly, and to your linked account? So even though my initial investment is tied up for five years, I can spend the interest when ever I want? I quite like the idea of having that guaranteed extra income for the next five years

t1redmonkey

M4rtyman said:

Am I correct in saying, that the 5 year Fixed at Gatehouse, can be paid out monthly, and to your linked account? So even though my initial investment is tied up for five years, I can spend the interest when ever I want? I quite like the idea of having that guaranteed extra income for the next five years

Correct, you can indicate what happens with the interest during the application phase, either have it paid into the same bond, or paid to an external account.

M4rtyman

Cheers - an annual payout looks quite tempting. Just swithering whether to wait a couple of weeks to see if there is any further movement upwards

bristolleedsfan

pedrodelgado said:

t1redmonkey said:

Steve_xx said:

t1redmonkey said:

duckson said:

Why do we think there will be a drop in rates offered considering the BoE BR rise and rises to come?

Because the BOE themselves came out yesterday and said they think the markets have got it wrong with regards to where interest rates will peak longer term, and were generally just sounding like they'd be reluctant to raise rates too aggressively going forwards.

However,  lest we forget that the Bank of England invariably get it wrong

Indeed, they may well get it wrong!  But at the same time, understandably a lot of banks will want to reassess what they are currently offering (or were planning to offer in the near future) on their longer term fixed rates as a result of what the BOE are saying.

 BTW if your tax status allows, the UTB 5yr I just opened pays out at maturity compounds annually so in effect it's annually gaining you 5.6% if you divide the total interest by 5 (yrs).

Gatehouse Bank whether interest added to account monthly or annually also compounds annually, worth approx £15.23 more than UTB after 5 years due to paying 5.10% compared with 5.05%


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