The Top Fixed Interest Savings Discussion Area

VNX

I’m sure it will be surpassed but Oxbury with a nice 5.8% one and two year for existing customers.

just for info if youre not an existing customer open any random account with Oxbury and once you’re logged in you can then open an existing customer account to get a better rate than to Joe public.

pokemaster

Don't think I seen it mentioned on here but Halifax have silently updated their fixes:

1 year - 4.80%

2 years - 4.85%

you also get an extra 0.05% if you have been a customer for longer than 40days

metrobus

pokemaster said:

Don't think I seen it mentioned on here but Halifax have silently updated their fixes:

1 year - 4.80%

2 years - 4.85%

you also get an extra 0.05% if you have been a customer for longer than 40days

I hope this isn’t taken the wrong way and not a criticism, but why would anyone be interested in 4.85% for a 1 year fix when there is 5.5% plus available elsewhere? 

No doubt there is a reason.

BooJewels

Halifax also offer the same rate as a fixed rate ISA - so I've taken one as it meets my personal criteria, that many accounts simply don't.  

bundoran

metrobus said:

pokemaster said:

Don't think I seen it mentioned on here but Halifax have silently updated their fixes:

1 year - 4.80%

2 years - 4.85%

you also get an extra 0.05% if you have been a customer for longer than 40days

I hope this isn’t taken the wrong way and not a criticism, but why would anyone be interested in 4.85% for a 1 year fix when there is 5.5% plus available elsewhere? 

No doubt there is a reason.

Because you can close them early: 

"If you close the account early, for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two year term account you’ll be charged the equivalent of 180 days’ gross interest".

https://www.halifax.co.uk/savings/fixed-term/fixed-saver.html

oz0707

bundoran said:

metrobus said:

pokemaster said:

Don't think I seen it mentioned on here but Halifax have silently updated their fixes:

1 year - 4.80%

2 years - 4.85%

you also get an extra 0.05% if you have been a customer for longer than 40days

I hope this isn’t taken the wrong way and not a criticism, but why would anyone be interested in 4.85% for a 1 year fix when there is 5.5% plus available elsewhere? 

No doubt there is a reason.

Because you can close them early: 

"If you close the account early, for the one year term account you’ll be charged the equivalent of 90 days’ gross interest. For the two year term account you’ll be charged the equivalent of 180 days’ gross interest".

https://www.halifax.co.uk/savings/fixed-term/fixed-saver.html

Is the natwest option not better though. Ive opened on of the natwest ones but not funded yet

vickyholly

Morning, i have 50k to put into a fixed saving account, i need to take monthly interest as income. Im thinking i should take a 5yr fixed account for long term guaranteed income, but i see so many people fixing at 2 and 3 yr fixes. Am i missing something?

InvesterJones

vickyholly said:

Morning, i have 50k to put into a fixed saving account, i need to take monthly interest as income. Im thinking i should take a 5yr fixed account for long term guaranteed income, but i see so many people fixing at 2 and 3 yr fixes. Am i missing something?

They may have different circumstances to your own, or the rates may simply be better.

retiringtoosoon

because people want to pay a chunk off their mortgage when their current fix expires in 2 to 3 years time.

vickyholly

Ok, thanks, i was worried i was doing something stupid , im just winging it .