The Top Fixed Interest Savings Discussion Area

matty_544

Atom 1 yr is 5.85% showing for me

pokemaster

Coventry BS Fixed Rate Bond (308) 31.08.2024 - 5.65%

Coventry BS Fixed Rate Bond (310) till 31.08.2025- 5.75%

ChilliBob

VNX said:

ChilliBob said:

merchant_ac said:

JN Bank 6% for 4 and 5 year terms.

Pretty crap Google reviews! I reckon a more reliable well known institution might join them with something similar pretty soon

I normally don’t care about bank reviews as it’s normally people moaning but I’m not keen on the JN reviews think I’d rather a lower rate with potentially less hassle 

Yeah, I, know what you mean, I didn't scan these that much, but when you read ones about missing deposits, unable to find phone numbers, etc it does raise alarm bells. Some of the neert banks, like Oak North for example, iirc, get quite good reviews. 

But as you say, some get bad reviews and usually it's no bother 

ZeroSum

merchant_ac said:

JN Bank 6% for 4 and 5 year terms.

How long before smartsave offer 6.01%

VNX

Vanquis 5.9% on one and two year bonds 

ForumUser7

https://www.express.co.uk/finance/personalfinance/1785681/coventry-building-society-fixed-rate-isa-interest-rate

"The society has also launched a new one-year Loyalty Fixed Bond to reward steadfast savers by paying a market-leading rate of 5.9 percent.

The account is available to members who have been with the society continuously since January 1, 2022, and people can save up to £20,000 from an opening deposit of £1."

https://www.coventrybuildingsociety.co.uk/member/product/savings/fixed_rates/loyalty-bond-6-31-08-2024.html

susanann_2

Vanquis Bank 5.9% for 1yr Bond. Anyone use them are payments in same day?

JohnHampshire

These fixes rate accounts/bonds all reduce to some pitiful rate at the end of the term so you have to move again.
Even tescos bank rate reduces after 1 year.

Does anyone know of an account that pays a good rate that doesn't reduce after time? what worries me is at some point ill be too old and less able to move accounts

Doctor_Who

JohnHampshire said:

These fixes rate accounts/bonds all reduce to some pitiful rate at the end of the term so you have to move again.
Even tescos bank rate reduces after 1 year.

Does anyone know of an account that pays a good rate that doesn't reduce after time? what worries me is at some point ill be too old and less able to move accounts

Bonus accounts tend to behave as you describe, a bonus for a certain length of time and then a 'pitiful' rate. Fixed rate accounts work differently, you fix for a certain length of time and when they mature you move the money elsewhere.

I'm not sure there are many (if any) accounts that pay a good rate of interest consistently forever. If there were this forum would be all over them! Maybe look at longterm fixes of 5-7 years to minimise switching.

Alex9384

ZeroSum said:

How long before smartsave offer 6.01%

So far they've just pulled their 3 year fix. Now it's only 1 or 2 years/