The Top Fixed Interest Savings Discussion Area

bristolleedsfan · 2 May 2023 at 4:39PM

https://forums.moneysavingexpert.com/discussion/comment/80027215#Comment_80027215

United Trust Bank have a 4pm cut off for incoming payments to be credited to accounts the same day, texts stating payment has been received to account will still arrive after that time.

They also credited extra day interest £6.62 to my ISA fixed term account after i sent complaint secure message,

refluxer · 2 May 2023 at 5:04PM

https://forums.moneysavingexpert.com/discussion/comment/80027302#Comment_80027302

Of the current top 5 two-year fixed rate accounts listed here, I think only Charter (4.76% for 2 years) have this option.

Outside of that list, Close Brothers have 2 and 3 year bonds paying 4.70% and, IIRC, paying interest away annually into a nominated bank account is actually the only option. You'll need a minimum of £10k though.

I've never had an account with Close Brothers, but I have had good experiences with Atom who are currently paying 4.65% for their 2 and 3 year fixes - having annual interest paid away to a nominated account is an option.

I'm sure there will be others outside of the current top 5, so you could pull up a more complete list on MoneyFacts and work your way down. Their filters may even allow you to filter the results to suit your needs.

Futuristic · 2 May 2023 at 6:46PM

Allica appears to have updated their 1y (4.83%) and 2y (4.85%), looks good enough to me to bite now, 2 week deposit window so will open and wait for BOE meeting in case theres further rises. Have been using them for business banking and they have been very good.

https://www.allica.bank/personal-savings

francoghezzi · 2 May 2023 at 7:02PM

https://forums.moneysavingexpert.com/discussion/comment/80026994#Comment_80026994

True, but that depends on individual circumstances. I was talking about security and how safe I felt when I first opened my first account with them :-) , but I surely get your point. Having said that I am between those who prefer an interest rate maybe a little lower than the one of a market leader instead of jumping to banks who are raising 1p at a time their rates in a childish 'war' to be at the top of the table. That doesn't say 'security' to me. I wanna sleep at night

Steve_xx · 2 May 2023 at 7:17PM

https://forums.moneysavingexpert.com/discussion/comment/80027763#Comment_80027763

I think both Allica and Chip use Clearbank. I'm wondering if Clearbank was to fail, then if one had 85k in each, would all monies be protected

Band7 · 2 May 2023 at 7:41PM

https://forums.moneysavingexpert.com/discussion/comment/80027824#Comment_80027824

I am afraid, no, you only have one lot of £85k protected in Clearbank. The FSCS protection is per financial institution, and the financial institution in this case is Clearbank, not Allica or CHIP or Raisin (who are also using Clearbank for their transient monies)