The Top Fixed Interest Savings Discussion Area

Silverbullet036

Al Rayan making another move to 6.01% 1 year fixed - moneyfacts reporting and on their website. 5k minimum

Alex9384

United Trust Bank, probably the best 5 year rate right now at 5.70%

auser99

Alex9384 said:

United Trust Bank, probably the best 5 year rate right now at 5.70%

JN Bank do 6%. Is there a reason the above is better for some other reason? Monthly/annual payments etc?

SJMALBA

auser99 said:

Alex9384 said:

United Trust Bank, probably the best 5 year rate right now at 5.70%

JN Bank do 6%. Is there a reason the above is better for some other reason? Monthly/annual payments etc?

According to Moneyfacts, best 5 year fix at the moment, offering monthly interest, is RCI @ 5.55% AER (5.41% monthly), 1k min.

Doctor_Who

SJMALBA said:

auser99 said:

Alex9384 said:

United Trust Bank, probably the best 5 year rate right now at 5.70%

JN Bank do 6%. Is there a reason the above is better for some other reason? Monthly/annual payments etc?

According to Moneyfacts, best 5 year fix at the moment,  offering monthly interest, is RCI @ 5.55% AER (5.41% monthly), 1k min.

Are you clicking on 'Rate order'? JN Bank @ 6% comes out top for me.


Edit: you said monthly interest, sorry!

susanann_2

Is anyone still going to wait,  how much higher are the accounts going to go. No one has a crystal ball I know, just interested in people theories. I don’t like the idea of a ladder to many accounts to keep a record of. 

mebu60

Cynergy is offering 18 months 6.0% for auto-renew of existing fixed rate bonds. Have a 1 Year maturing next Friday with auto-renew switched off. Will have to investigate whether can direct auto-renew into different duration to existing (or does anyone know?). Otherwise is 5.92%. 

mebu60

mebu60 said:

Cynergy is offering 18 months 6.0% for auto-renew of existing fixed rate bonds. Have a 1 Year maturing next Friday with auto-renew switched off. Will have to investigate whether can direct auto-renew into different duration to existing (or does anyone know?). Otherwise is 5.92%. 

Or I could just take Charter's 18 month 6.01% that I've just seen! 
Think I'll leave auto-renew off and see what is available next week. A week is a long time in rate rise terms at the moment! 

Doctor_Who

susanann_2 said:

Is anyone still going to wait,  how much higher are the accounts going to go. No one has a crystal ball I know, just interested in people theories. I don’t like the idea of a ladder to many accounts to keep a record of. 

If you don't like the idea of a ladder or going 'all in' today, why not save half now and half in a month or two? None of us will always time the market correctly, I know I haven't, but once you've locked-in at whatever rate you can move on.

A._Badger

Secret2ndAccount said:

A._Badger said:

BooJewels said:

I tend to avoid apps that need a fingerprint as I have Reynauds and my fingers aren't good on a screen, so my fingerprint thing doesn't work reliably.  Hence I'm reluctant to use organisations that only have apps - I can't trust my fingers on screen devices and prefer using a computer for important stuff with money.

Likewise. In fact I refuse to use apps at all for large sums of money. What happens if your phone is broken, lost or stolen? As for voiceprints or fingerprints, they can forget it,. The security risk is ridiculously high.

I think you will find that the banks are using multiple parameters to check your id:
What ip address is the data coming from - is that your usual location?
What version of the app, or which browser release are you using?
What time of day are you logging in - is this consistent with a pattern?
Which screen do you go to first? How long do you take to tap from screen to screen?

I was told by one bank that they were scoring 29 parameters to weigh up whether the person on the other end was the person they were expecting. Too many inconsistencies and you get selected for extra security checks.

And I think you will find (though in a sense I hope you don't) that while the banks might talk a good game about security, in reality it can leave a great deal to be desired. Having just had my card skimmed I speak from experience but I was lucky, my bank accepted it was fraud,. Others have been far less fortunate. When it comes to the smaller banks, I have even less confidence.