The Top Fixed Interest Savings Discussion Area

pearl123

Oaknorth fixed 12 months 5.72%

Doctor_Who

Raisin/Investec - 2 year 5.74%
Raisin/Investec - 3 year 5.76%

AyJaydee

I'm uncertain whether or not to go for a Fixed account?
For some years now, I have been favouring monthly savings accounts and have several on the go at any one time.
Now I have a lump sum payout currently sitting in an instant access account, Saffron BS, 3.7% and each time I consider opening a fixed account (currently looking at RBS, 1 year 4.9%), the BOE puts up the base rate and then the increase trickles down to the savings accounts about a month later.  Now we have had another increase in the base rate and who knows if there will be more?  So do I just continue as I am, or do I open a 1-year fixed account now, expecting other accounts to give a better interest rate a month or so later?

JGB1955

AyJaydee said:

I'm uncertain whether or not to go for a Fixed account?
For some years now, I have been favouring monthly savings accounts and have several on the go at any one time.
Now I have a lump sum payout currently sitting in an instant access account, Saffron BS, 3.7% and each time I consider opening a fixed account (currently looking at RBS, 1 year 4.9%), the BOE puts up the base rate and then the increase trickles down to the savings accounts about a month later.  Now we have had another increase in the base rate and who knows if there will be more?  So do I just continue as I am, or do I open a 1-year fixed account now, expecting other accounts to give a better interest rate a month or so later?

How about 'short term' notice accounts? 30/60/90/120 days?

PowerSavingMode

JGB1955 said:

AyJaydee said:

I'm uncertain whether or not to go for a Fixed account?
For some years now, I have been favouring monthly savings accounts and have several on the go at any one time.
Now I have a lump sum payout currently sitting in an instant access account, Saffron BS, 3.7% and each time I consider opening a fixed account (currently looking at RBS, 1 year 4.9%), the BOE puts up the base rate and then the increase trickles down to the savings accounts about a month later.  Now we have had another increase in the base rate and who knows if there will be more?  So do I just continue as I am, or do I open a 1-year fixed account now, expecting other accounts to give a better interest rate a month or so later?

How about 'short term' notice accounts? 30/60/90/120 days?

Or a 3-month fixed (these via Hargreaves Lansdown 'Active Savings')? 

Ifts

Does Charter Bank offer a 14 day cooling off period on their fixed rate bonds?


edit -  I messaged Charter Bank and they said:

We do not do cooling off periods on our Fixed Rate Bond accounts.

francoghezzi

New HTB rates
9 months 5.08
1 year 5.35
2 years 5.71
3 years 5.71
4 years 5.71
5 years 5.60

Bigwheels1111

AyJaydee said:

I'm uncertain whether or not to go for a Fixed account?
For some years now, I have been favouring monthly savings accounts and have several on the go at any one time.
Now I have a lump sum payout currently sitting in an instant access account, Saffron BS, 3.7% and each time I consider opening a fixed account (currently looking at RBS, 1 year 4.9%), the BOE puts up the base rate and then the increase trickles down to the savings accounts about a month later.  Now we have had another increase in the base rate and who knows if there will be more?  So do I just continue as I am, or do I open a 1-year fixed account now, expecting other accounts to give a better interest rate a month or so later?

At some point you have to bite the bullet.
Last November I fixed at 5%,4.85% for 5 years, 4.5% for 7 year and a few others.
Rates were dropping so I got what I could.
I am little peeved, but the year before it was 1-1.5%.
Now I have a very nice income for 5-7 years.

Futuristic

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

6m 5.10%
12m 5.76%
18/24m 5.66%

jak22

It did look like longer term rates were peaking at around 5% for 5 yr at the end of last year and even dropping to mid 4 to 5% just a couple of months ago - with ISAs in the lower 4% range - but now it's hard to see a limit to rate rises for anything whether it's Easy Access or 1 year or 5 year terms. 

A worry with taking a 2 or 3 year last year was if the rates on offer on maturity (i.e. next year or 2025) would be much lower - but now it seems possible rates will still be good even then.

One year terms maturing around now are obviously ready for much better rates than last year - but although longer fixes taken at below 5% are worse than available now they are still a good return overall.