The Top Fixed Interest Savings Discussion Area

jaypers

Cas63 said:

How come 1 year fixed interest rates are going down? A week ago you could get 4.6% now the best is 4.45%. Surely banks should be increasing savings rates not decreasing them!

Because fixed rates are predicted a long way ahead and based more on gilts than the base rate. Gilts have started to drop, hence the drying up of fixed rate deals. 

andyhicks88

Notice Kent Reliance now have some of the top rates, don't Charter usually have the same rates as their sister bank?  Not seeing Charter with any fixed rate products at all though yet still.

Band7

andyhicks88 said:

Notice Kent Reliance now have some of the top rates, don't Charter usually have the same rates as their sister bank?  Not seeing Charter with any fixed rate products at all though yet still.

Charter had the top 2-year @4.95% last week, Sold out now.

tetx

Hi, Kent Reliance seem to have the highest 1yr Fixed interest according to MSE but after opening an account and trying to fund it, my bank raised a fraud query - I checked with the FCA and Kent Reliance Building Society are no longer authorised by them.
That scared me! On further research Kent Reliance is NOT the building society but a bank - anybody out there with some reassuring experience of them?
Thanks

Millyonare

The window on the 5% accounts is closing fast.

Band7

You can relax.

Kent Reliance is a trading name of OneSavings Bank plc, who are authorised by the FCA. KR are using the registration number of OneSavings Bank. You can check their FSCS protection on https://www.fscs.org.uk/check-your-money-is-protected/

gt94sss2

tetx said:

Hi, Kent Reliance seem to have the highest 1yr Fixed interest according to MSE but after opening an account and trying to fund it, my bank raised a fraud query - I checked with the FCA and Kent Reliance Building Society are no longer authorised by them.

krbs, Kent Reliance Banking Services and Kent Reliance are trading names of OneSavings Bank plc. Registered in England and Wales (company number 7312896). Registered office: Reliance House, Sun Pier, Chatham, Kent, ME4 4ET. OneSavings Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (registered number 530504).

https://register.fca.org.uk/s/firm?id=001b000000NMXUhAAP

Kent Reliance Building Society transferred its business to OneSavings Bank plc in Feb 2011.

Patr100

Band7 said:

andyhicks88 said:

Notice Kent Reliance now have some of the top rates, don't Charter usually have the same rates as their sister bank?  Not seeing Charter with any fixed rate products at all though yet still.

Charter had the top 2-year @4.95% last week, Sold out now.

Was still available to existing customers when  I spoke to them yesterday.
I've already got one -  just logged in and still available - (dont want to fully test the application process)

Rudyson

tetx said:

Hi, Kent Reliance seem to have the highest 1yr Fixed interest according to MSE but after opening an account and trying to fund it, my bank raised a fraud query - I checked with the FCA and Kent Reliance Building Society are no longer authorised by them.
That scared me! On further research Kent Reliance is NOT the building society but a bank - anybody out there with some reassuring experience of them?
Thanks

I'm happy with Kent Reliance. I've had Instant Access A/cs and Regular Savers and bonds with them in the past. I currently have 3 of their 1yr bonds

SickGroove

If I've already got a 1 year fixed bond (taken out in April 2022) with Charter Savings Bank, can I take out another 1 year fix with them now or do I have to wait until my one next April matures?