The Top Fixed Interest Savings Discussion Area

pecunianonolet

alternate said:

Patr100 said:

As Andrew Bailey continues to  speak with forked tongue, and actually say very little of substance , you can have completely opposite headlines on the same day: 

Guardian:

 Bank of England boss signals interest rates may have peaked

BBC website:

Bank of England boss says UK interest rates may rise further

He is useless but both those statements could be true.  Rates may have peaked (if inflation has also peaked) but further rises might be needed if if doesn't fall fast enough.

I am almost certain that we'll see another rise of at least 0.25%, there might be some in the panel voting for 0.5% but that won't be the majority I think, although it would be the right thing to do. Depends a bit how bold the FED is and if they also only go 0.25 or 0.5. Same with ECB, they will rise again. Core inflation has risen in EU and food inflation is still extremly high. Let's keep in mind that it is always compared to same time last year. So inflation might come down slightly but that only slows the price increases. Theoretically, if inflation would be next month at 0% it would only mean that the current price level is retained, prices will start to go down if we see deflation (and that is even more dangerous than inflation).

My prediction is that short term bonds e.g. 6 and 9 months will slightly trickle further up, 1y might slightly move up as well but anything longer will plateu. At least we no longer have an inverted interest curve, which is a good sign.

intalex

Pompeydave1967 said:

Going up slightly now , tandem 3 yr % 4.5% , hopefully others will follow.

Any idea how long Tandem's deposit window is from account opening?

janusdesign

intalex said:

Pompeydave1967 said:

Going up slightly now , tandem 3 yr % 4.5% , hopefully others will follow.

Any idea how long Tandem's deposit window is from account opening?

it's 14 days.

VNX

Fixes have ticked up a little of late I wonder how much this may continue as the furies rate rise this month must be priced in.

Patr100

For longer term, not the only indicator , but a significant one from todays OBR/BoE stats . Mortgage rates continue to level off - though not at Nov 22 predicted peak but for us savers hopefully not a huge drop in rates either. (currently around 4.5% best longer term rates) 

Expotter

Al Rayan Bank 12 Month Fixed Term Deposit 4.5%. Min £5k and interest can be paid away or compounded.

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

ToastLady

Expotter said:

Al Rayan Bank 12 Month Fixed Term Deposit 4.5%. Min £5k and interest can be paid away or compounded.

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

Thank you. This came just in time as was about to fund a lower paying bond in 2 days.

whatleytom87

Expotter said:

Al Rayan Bank 12 Month Fixed Term Deposit 4.5%. Min £5k and interest can be paid away or compounded.

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

Massive rate compared to the competitor's. Be interesting to see how long it hangs around. 

alternate

Al Rayan also have 36 month for 4.68%

whatleytom87 said:

Expotter said:

Al Rayan Bank 12 Month Fixed Term Deposit 4.5%. Min £5k and interest can be paid away or compounded.

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

Massive rate compared to the competitor's. Be interesting to see how long it hangs around. 

It is currently the highest but Raisin have had a couple at 4.5% for a few weeks now.

Band7

Also at Al Rayan at present:

• 18 months: 4.57%
• 24 months: 4.62%