The Top Fixed Interest Savings Discussion Area

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VNX said:

I guess those of us here are the switched on brigade but peoples misunderstanding and apathy amazes me.

I take a contrarian view, of course their are a few savvy people on here. Hound me out for saying this, but it's savers following what other savers do.

TiVo_Lad

auser99 said:

1socrates1 said:

I fixed my money earlier for 3.5% interest for 1 year and 3.75% for 2 years at HSBC. Now that Banks have been forced to increase their rates, should we be given the option to dissolve the fixes created recently and be able to fix at their better rates without incurring any penalty? 

I dare say a load of us jumped in to fixed rates in the spring that now look well off.

My 1Yr Fix with OakNorth that I took out 3 months ago was this morning surpassed by Coventry's Four Easy Access Account.

BooJewels

I have a fix from last autumn paying 3.15% (and another at a bit over 4%) and thankfully in that case, pays out monthly interest into an EA account at a now higher rate than the fix, from where I further pay both into the Skipton regular saver at 7.5%.  So I can claw back a little on those two at least.

k12479

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1socrates1 said:

gt94sss2 said:

1socrates1 said:

The point is that the Bankers are being shown to be corrupt fat cats and having their hands forced. Therefore I thought it might be a good time to be able to do this Anyway it is just a mental exercise.

The banks haven't been forced to do anything.

The word 'force' can take on many shades of grey. It is interesting that all the banks suddenly changed the interest rates before the meeting with the government. 

Coerce would be the word. The government have this big lever labeled up as windfall tax.

That big lever is more a politician's show-and-tell piece than an effective tool. It's use will have unintended consequences, foreseen and unforeseen, like driving up costs of borrowing, restricting the availability of products and (further) excluding people on the fringes.

dharm999

I have a 1.75% fix, ending October this year, and I thought that was good at the time.  Hoping to get  at least 6% for 1 year, when it matures, maybe a touch more, if rates keep going up

auser99

BooJewels said:

I have a fix from last autumn paying 3.15% (and another at a bit over 4%) and thankfully in that case, pays out monthly interest into an EA account at a now higher rate than the fix, from where I further pay both into the Skipton regular saver at 7.5%.  So I can claw back a little on those two at least.

Roll on a 2.67% maturing in 2 weeks.
Usual story - had waited a fair few weeks in case something better came up, it didn't, piled in, but quickly became ludicrously uncompetitive.

janusdesign

i've got 3 x 2-yr fixes maturing next month - 1.25%, 1.26% and 1.35%... which were all top rates at the time - was starting to worry the Chase current account would beat those rate before they matured!

SJMALBA

auser99 said:

BooJewels said:

I have a fix from last autumn paying 3.15% (and another at a bit over 4%) and thankfully in that case, pays out monthly interest into an EA account at a now higher rate than the fix, from where I further pay both into the Skipton regular saver at 7.5%.  So I can claw back a little on those two at least.

Roll on a 2.67% maturing in 2 weeks.
Usual story - had waited a fair few weeks in case something better came up, it didn't, piled in, but quickly became ludicrously uncompetitive.

2.67%? Is that the Coventry Loyalty Bond (3) by any chance, or is it another bond with coincidentally the same rate?

auser99

SJMALBA said:

auser99 said:

BooJewels said:

I have a fix from last autumn paying 3.15% (and another at a bit over 4%) and thankfully in that case, pays out monthly interest into an EA account at a now higher rate than the fix, from where I further pay both into the Skipton regular saver at 7.5%.  So I can claw back a little on those two at least.

Roll on a 2.67% maturing in 2 weeks.
Usual story - had waited a fair few weeks in case something better came up, it didn't, piled in, but quickly became ludicrously uncompetitive.

2.67%? Is that the Coventry Loyalty Bond (3) by any chance, or is it another bond with coincidentally the same rate?

Coincidence.  A monthly Kent Reliance one.

SJMALBA

auser99 said:

SJMALBA said:

auser99 said:

BooJewels said:

I have a fix from last autumn paying 3.15% (and another at a bit over 4%) and thankfully in that case, pays out monthly interest into an EA account at a now higher rate than the fix, from where I further pay both into the Skipton regular saver at 7.5%.  So I can claw back a little on those two at least.

Roll on a 2.67% maturing in 2 weeks.
Usual story - had waited a fair few weeks in case something better came up, it didn't, piled in, but quickly became ludicrously uncompetitive.

2.67%? Is that the Coventry Loyalty Bond (3) by any chance, or is it another bond with coincidentally the same rate?

Coincidence.  A monthly Kent Reliance one.

Lucky you - maturity on the CBS bond (irrespective of when opened) isn't until 31.8.23... been counting the days for a while now!