The Top Fixed Interest Savings Discussion Area

Ultrasonic

Sea_Shell said:

Hard to know whether to go "all in" a 1 year now, or hedge your bets and "drip" money in, every two months or so, in say £5000 chunks, depending on what accounts (rates) become available.

Jam today, or (potentially) more jam tomorrow?!?

Have you considered the Shawbrook bank 6 month fix at 2% as a middle ground option?

Sea_Shell

Ultrasonic said:

Sea_Shell said:

Hard to know whether to go "all in" a 1 year now, or hedge your bets and "drip" money in, every two months or so, in say £5000 chunks, depending on what accounts (rates) become available.

Jam today, or (potentially) more jam tomorrow?!?

Have you considered the Shawbrook bank 6 month fix at 2% as a middle ground option?

I am considering 6 month fixes too, so as to split the difference.

I was hoping to avoid "more" accounts/providers/logons, and just use Raisin, but I'll have a look at that.

Are they "traditional" on line, rather than app based?

Consumerist

Sea_Shell said:

Are they [Shawbrook] "traditional" on line, rather than app based?

They're traditional.

Edit

From their Ts&Cs for their 6-month fix:

Once your account is open, you can operate the account online through secure message or by telephone on 0345 266 6611.

Patr100

Investec Bank Fixed Rate Saver slipped up to 2.40%
Online only - Min Opening Amount £5,000

RobinhoodSavings

Don't fix anything yet. Keep it on hold until the end of next week. 

Bigwheels1111

If the boe raise the rate again on the 16th of June, it takes about 2-3 weeks before the best rate appears.
Im hoping that but August & September when my 2 pots need reinvesting a 1 year fixed might be 3-3.5%.
But I can hold off a month or 2 buy stashing it in my chase saver at 1.5%. Loose a bit in the short term but gain in the long run.
If 5% turns up, Please Please Please 🙏 it 5 year fixes for me and no more work until retirement.

Patr100

RobinhoodSavings said:

Don't fix anything yet. Keep it on hold until the end of next week. 

Why, What's happening then?

Frogletina

Patr100 said:

RobinhoodSavings said:

Don't fix anything yet. Keep it on hold until the end of next week. 

Why, What's happening then?

See previous post regarding interest rates

wiseonesomeofthetime

Frogletina said:

Patr100 said:

RobinhoodSavings said:

Don't fix anything yet. Keep it on hold until the end of next week. 

Why, What's happening then?

See previous post regarding interest rates

I think they were alluding to the fact that nothing is happening between now and the end of next week.

BoE meeting his two weeks today, i.e. after the timescale in their post.

I agree with @Bigwheels1111 in that not all providers will react immediately to any change in rates.

It is a waiting game atm.

All well behind inflation, of course, before someone points that out, yet again!

RG2015

Patr100 said:

RobinhoodSavings said:

Don't fix anything yet. Keep it on hold until the end of next week. 

Why, What's happening then?

See their post from yesterday.

https://forums.moneysavingexpert.com/discussion/6362339/stay-tuned-new-high-rate-savings-accounts-coming-the-end-of-next-week/p1