The Top Fixed Interest Savings Discussion Area

ranciduk

vickyholly said:

Bigwheels1111 said:

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

Me too...

Me three....

Patr100

Charter Savings BankHL Active Savings -  now have a 9 Month Fixed  at 2.30%

ranciduk

Astonishingly TSB have upped their 1 year bond to 2%

Was 0.8%

Thumbs_Up

Daliah said:

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

Look how quickly it changes. I say again I wished they payed interest monthly.

https://moneyfacts.co.uk/savings-accounts/1-year-fixed-rate-bonds/?quick-links-first=false

Thumbs_Up

ranciduk said:

vickyholly said:

Bigwheels1111 said:

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

Me too...

Me three....

Thrice would be better.

Bigwheels1111

I’ve said a few times the best rates come around 3 weeks after boe base rate rise.
This month took 3 weeks and a day.
The next big jump is normally a day or two before the boe sit again.
Last time by Atom from memory.

ZeroSum

Atom have increased their 6month fix to 2% but have reduced their 2 - 5 year deals from 2.9% to 2.7%

Thumbs_Up

ZeroSum said:

Atom have increased their 6month fix to 2% but have reduced their 2 - 5 year deals from 2.9% to 2.7%

I new Shawbrook 6 month bond 1.98% was a good deal 2 months back. As for the long term fix BoE say they will get on top of the inflation rate, perhaps Atom’s reaction is to this.

Ifts

Thumbs_Up said:

Daliah said:

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

Look how quickly it changes. I say again I wished they payed interest monthly.

https://moneyfacts.co.uk/savings-accounts/1-year-fixed-rate-bonds/?quick-links-first=false

Monthly interest is available on one year fixes, see here:

https://moneyfacts.co.uk/savings-accounts/1-year-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=2&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

When looking on Moneyfacts, select the "Full Search" option, then tick the Monthly and 1 Year options on the "Advanced Search Options" tab. 

And finally on the the results page untick the "Show quick links first" box (below the "Full Search" box).

RG2015

ZeroSum said:

Atom have increased their 6month fix to 2% but have reduced their 2 - 5 year deals from 2.9% to 2.7%

Are Atom expecting interest rates to fall in two years time?