The Top Fixed Interest Savings Discussion Area

jaypers

Trying to decide whether to fix 1 year at 2.6% or go 2 years at 3% bearing in mind rates will likely keep going up. 

Daliah

2.6% has already been topped.

refluxer

Cynergy have just upped the rates on their fixed rate accounts which takes them to the top of the 1, 2 and 3 year tables with 2.72%, 3.08% and 3.15% respectively

Thumbs_Up

Any reason why most banks don’t pay monthly interest on 1 year fixes, I mean no extra legwork for the computer system. Surely more attractive feature for cash investors.

Daliah

Thumbs_Up said:

Any reason why most banks don’t pay monthly interest on 1 year fixes, I mean no extra legwork for the computer system. Surely more attractive feature for cash investors.

Plenty of 1-year accounts available for people who are after a monthly income. https://moneyfacts.co.uk/savings-accounts/fixed-rate-bonds/?id=null&business-type=16&activity-type=null&investment-amount=25000&investment-type=1&account-types=1&interest-paid-frequencies=2&terms=3&account-opening-methods=null&account-management-methods=null&notice-periods=null&include-notice-period=true&include-term=true&age=21&has-withdrawal-restrictions=2&existing-customers-only=2&joint-account-only=2&quick-links-first=false

Thumbs_Up

What was I thinking when I posted that, lost my clarity of thought. Sorry.

vickyholly

Hi, Do you any of you think its realistic of me to be holding out for 4% on a 2 year fix? or is this just crazy early morning thoughts?

Bigwheels1111

vickyholly said:

Hi, Do you any of you think its realistic of me to be holding out for 4% on a 2 year fix? or is this just crazy early morning thoughts?

The Boe sit 4 more times before Christmas.
So as a minimum I would expect a  1% rise in the base rate if not more.
Today you can get 3.08%, so 4 more rate rises this year and I think you might be in luck.
Fingers crossed for 5% for 5 years, that would do me nicely.

vickyholly

Bigwheels1111 said:

Fingers crossed for 5% for 5 years, that would do me nicely.

Me too...

westv

Bigwheels1111 said:

vickyholly said:

Hi, Do you any of you think its realistic of me to be holding out for 4% on a 2 year fix? or is this just crazy early morning thoughts?

The Boe sit 4 more times before Christmas.
So as a minimum I would expect a  1% rise in the base rate if not more.

Even with a potential recession around the corner?