The Top Fixed Interest Savings Discussion Area

Middle_of_the_Road

francoghezzi said:

Hampshire Trust Bank with an interesting 5 year Bond 4.75%
Interest paid annually

and new 2 year at 4.85%

Fixed Rate Savings Accounts | Hampshire Trust Bank (HTB)

VNX

Although not the best rates around I must say my dealings with HTB have been very positive easy to get hold of on the phone and very good customer service 

I opened a 2yr bond at 4.6pc and they have a 14 day cooling off period I called to close the account on day 13 as rates started ticking up no hassle closed it and any interest accused paid back to me 

Ocelot

RG2015 said:

auser99 said:

@RG2015, let me ask a new question.
From the many people who have told you how it works, do you now accept the answer?

So we can get back to reading about gloriously high new fixed rates 

It is irrelevant whether I accept answers from a group of strangers on a public forum. 

I am simply saying that HMRC do not make this at all clear. I would much prefer an unambiguous statement from HMRC.

I will respond with the following question.

Do you acknowledge that the following statement from the HMRC website implies all interest including ISA interest?

You need to register for Self Assessment if your income from savings and investments is over £10,000.

Hence my question here: https://forums.moneysavingexpert.com/discussion/comment/80021687#Comment_80021687

VNX

Close brothers table topping 

4.87 one year
4.91 two year

RG2015

VNX said:

Close brothers table topping 

4.87 one year
4.91 two year

Not bad, but only paid at £10,000.

refluxer

For those wanting a fixed rate account but not needing it for monthly income, the other downside to a Close Brothers fixed rate account is that interest can only be paid away to an external account.

This means that, for fixed rate periods longer than 1 year, interest doesn't compound and therefore you can't achieve an overall average return higher than the stated AER, like you can with the majority of other providers where having interest paid into the account is an option.

VNX

RG2015 said:

VNX said:

Close brothers table topping 

4.87 one year
4.91 two year

Not bad, but only paid at £10,000.

True.

let’s hope someone else jumps above them and so on, these baby step 0.01 rises are a little tedious but it’s in the right direction 

temped to lock in soon, I’ll see but waiting week after week for a couple of 0.01 rises is losing its appeal

RG2015

VNX said:

RG2015 said:

VNX said:

Close brothers table topping 

4.87 one year
4.91 two year

Not bad, but only paid at £10,000.

True.

let’s hope someone else jumps above them and so on, these baby step 0.01 rises are a little tedious but it’s in the right direction 

temped to lock in soon, I’ll see but waiting week after week for a couple of 0.01 rises is losing its appeal

I only lock in smaller sums a month apart, thus generating the ladder of 30 day accounts at high(ish) rates.

SickGroove

StreamBank

1 year fix 4.90% with monthly interest paid away

Thumbs_Up

Trigger finger starting to flex. United trust Bank 4.90% 1 year fix.