The Top Fixed Interest Savings Discussion Area

refluxer

For info - MSE have now introduced a new table for the best short-term fixed savings accounts - ie. fixed rate accounts of less than a year.

Currently topping the table are Kent Reliance (via Flagstone) @ 2.15% for 9 months and Shawbrook @ 2% for 6 months.

janusdesign

Al Rayan have launched a 1-Year Fixed @ 2.35% - min £5,000 with interest/profit paid quarterly or reinvested.

https://www.alrayanbank.co.uk/savings/12-month-fixed-term-deposit

Patr100

Annual rates are creeping up . I think 2.5%  might be the point to go for a year fix.
I read differing "expert" opinions on where rates will hit the ceiling 
but nobody knows of course.

whatleytom87

Cynergy have just launched a new range of 1-3yr rates. 
1 Year - 2.28%
2 Year - 2.68%
3 Year - 2.80%

ranciduk

For anyone that’s interested TSB have bumped up their fixed bonds finally today

still poor though!

Patr100

Kent Reliance 1 Year Fixed Rate Bond - Issue 97
new top payer at 2.36%

https://www.kentreliance.co.uk/bonds/1-year-fixed-rate-bonds

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Patr100 said:

Kent Reliance 1 Year Fixed Rate Bond - Issue 97
new top payer at 2.36%

https://www.kentreliance.co.uk/bonds/1-year-fixed-rate-bonds

Ok, I have taken the bait. Two reasons-

A, The 1 year fix pays monthly interest at 2.33%  

B, I will be house hunting next year so I can’t keep on waiting for the interest savings rates to go up again, which of course they will. Still have plenty more money to save when the next batch of savings rates come along. I will use the ladder trick.

bristolleedsfan

Patr100 said:

Kent Reliance 1 Year Fixed Rate Bond - Issue 97
new top payer at 2.36%

https://www.kentreliance.co.uk/bonds/1-year-fixed-rate-bonds

Beaten late morning by Zopa 2.37%, Savers Friend slow to update .....
Fixed Term Savings accounts – Check our savings rates - Zopa

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Thumbs_Up said:

Ok, I have taken the bait. Two reasons-

A, The 1 year fix pays monthly interest at 2.33%  

B, I will be house hunting next year so I can’t keep on waiting for the interest savings rates to go up again, which of course they will. Still have plenty more money to save when the next batch of savings rates come along. I will use the ladder trick.

Interesting! applied for 1 year fixed, was confirmed and showing open on website awaiting to fill up with money in the next 7 days (did send £1 test) – ha, now it’s not showing on my accounts after re-logging in 3 hours later.

 

janusdesign

Re: Kent Reliance... where it says "Additional deposits are not permitted.", does that mean that after you've made your initial deposit of (1k+), you can't add more to the account e.g it's a one-time only deposit ?