The Top Fixed Interest Savings Discussion Area

CheekyMikey

CaptainWales said:

Of the tandem rates is 5 year at 5.35% really that attractive? Can see rates going much higher

Personally I think it makes sense to have a decent proportion of your cash earning over 5% for the next 5 years…rates may yet go a little higher but not much higher imo. I certainly think the average rate over 5 years will be much lower than 5%. The usual caveat of being sure you won’t need that money applies of course and I always prefer an option that pays interest monthly.. I have 40% of my cash locked away for 5 years at 5% paying monthly and the £400 a month it adds to my db pension is very welcome…

Bigwheels1111

Thumbs_Up said:

bertsilver said:

Thumbs_Up said:

I have to wait one calendar month to get access to my money (100k) from Atom. This may or may not work in my favour. Despite my comments about 5.5% to come, these 5 year rates are hard not to say no. I won’t be sticking in 100k again though, sorry Atom!

You had 100k in Atom, I thought max should be 85k?

To be honest I thought you could only save 100k across all accounts, it seems not now.

You shouldn’t really put in more then 85K for your own peace of mind.  

81k max at 5%, return after a year is 85,050.00 only £50 is at risk then.

VNX

CaptainWales said:

Of the tandem rates is 5 year at 5.35% really that attractive? Can see rates going much higher

Rates will undoubtedly go higher but do we think in say 2/3/4 years they will still be this high? Of course we don’t ‘now but I doubt it so yes it looks good to me but interest is paid away so not for me

auser99

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

LJ._2

auser99 said:

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

Good old SmartSave, I think I'm going with them next BoE rate rise.

francoghezzi

LJ._2 said:

auser99 said:

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

Good old SmartSave, I think I'm going with them next BoE rate rise.

I will stick to Zopa, HTB and Coventry all my life. I wouldn't put a penny in a company playing with my money 1p a day to be top of the table in a childish competition. No thank you, I wanna sleep tight at night. But it is just my feeling of course.

EthicsGradient

francoghezzi said:

LJ._2 said:

auser99 said:

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

Good old SmartSave, I think I'm going with them next BoE rate rise.

I will stick to Zopa, HTB and Coventry all my life. I wouldn't put a penny in a company playing with my money 1p a day to be top of the table in a childish competition. No thank you, I wanna sleep tight at night. But it is just my feeling of course.

I can't think why you'd call it "childish". They do it to appear at the top of tables like those provided by MSE, because that gets them noticed and used more. It's a rational business decision. How having people running a business with rational decisions affects your sleep, I cannot fathom.

francoghezzi

EthicsGradient said:

francoghezzi said:

LJ._2 said:

auser99 said:

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

Good old SmartSave, I think I'm going with them next BoE rate rise.

I will stick to Zopa, HTB and Coventry all my life. I wouldn't put a penny in a company playing with my money 1p a day to be top of the table in a childish competition. No thank you, I wanna sleep tight at night. But it is just my feeling of course.

I can't think why you'd call it "childish". They do it to appear at the top of tables like those provided by MSE, because that gets them noticed and used more. It's a rational business decision. How having people running a business with rational decisions affects your sleep, I cannot fathom.

As I said just my feeling. Judging by their annual balance they are far, far away from the top companies anyway. I'm interested to see how many of these companies 'rationally operating" will still be up and running in few years ...

alanobrien

Cynergy Bank 1yr fixed rate bond now up to 4.95%

LJ._2

francoghezzi said:

LJ._2 said:

auser99 said:

Smartsave doing their usual 0.01% gazumping of the 2nd highest rates.

Try it against Tandem's rates, I dare ya

Good old SmartSave, I think I'm going with them next BoE rate rise.

I will stick to Zopa, HTB and Coventry all my life. I wouldn't put a penny in a company playing with my money 1p a day to be top of the table in a childish competition. No thank you, I wanna sleep tight at night. But it is just my feeling of course.

Fair comment, but you can still sleep soundly at night by their website comment "With FSCS protection, we’ll keep your money locked away safely for the fixed term." I'm looking to get and save every penny I can!