The Top Fixed Interest Savings Discussion Area

auser99

SJMALBA said:

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! 

I'm hoping Kent re-launch their fixed bonds by the maturity date, as they took them off the market a week ago.

There will be higher rates, but sometimes it's just easier to stay where you are as long as it's not horribly uncompetitive.

mm707

Hi, I've just opened a fixed term with first save. Do i have to wait for a welcome pack / user id before i can make a deposit ?
Thanks

GlasgowExpat2

mm707 said:

Hi, I've just opened a fixed term with first save. Do i have to wait for a welcome pack / user id before i can make a deposit ?
Thanks

No, you should receive an email with details on how to make a deposit.  You use the application number as the reference 

allegro120

I opened FirstSave 1 year fixed today.  Does any one know if they allow £1 test deposit, or does it have to be £1k minimum in one go?

kev1744

im looking at moving a chunk of my savings from easy access to fixed term ( im happy to not touch it for a year) looking at how the rates have been jumping though im curious as to how high members think the rates will climb?
i believe the highest rate at present is 6.10 ? so who thinks we will see 7..or 8% ?

GlasgowExpat2

allegro120 said:

I opened FirstSave 1 year fixed today.  Does any one know if they allow £1 test deposit, or does it have to be £1k minimum in one go?

I did a test deposit of £5. Spoke to the customer service team who advised if I called at 9am on Monday they could confirm it had been received. The welcome email  says “Your initial deposit must be made within 10 working days of the date your account is opened. We can then accept multiple payments to fully fund your account over 10 calendar days from the initial date your account was funded.”

mebu60

kev1744 said:

im looking at moving a chunk of my savings from easy access to fixed term ( im happy to not touch it for a year) looking at how the rates have been jumping though im curious as to how high members think the rates will climb?
i believe the highest rate at present is 6.10 ? so who thinks we will see 7..or 8% ?

You could move some of the chunk now and lock in 6%-ish. Then if rates continue to climb you can feed in another chunk to benefit. If they fall you have the current one at least. Plus the benefit of the higher interest in the interim. 

Doctor_Who

kev1744 said:

im looking at moving a chunk of my savings from easy access to fixed term ( im happy to not touch it for a year) looking at how the rates have been jumping though im curious as to how high members think the rates will climb?
i believe the highest rate at present is 6.10 ? so who thinks we will see 7..or 8% ?

Instead of trying to 'time the market' why not spread the fixes out? I have a ladder of one-year fixes, when one matures I fix at the best rate available at that time. If rates subsequently go up the next month's fix benefits. No one knows for sure where rates will end up, I suspect 6.5-7% for 1-2 year fixes, but that's just a guess, hence me having the ladder!

sazandy25

So true, get the best rate you can at the moment you need to & be happy.

VNX

In some ways when you do fix / the cooling off period ends it can be liberating as it’s done and dusted whatever rates get to you can’t touch the money so it’s all irrelevant whereas whilst one waits rate changes are a bigger issue.

as others have said when it suits to fix and you’re happy, fix. Shut the laptop go for a walk, relax, don’t worry and be thankful you have such a nice a nice thing to worry about, plenty of people are not in a situation to have money to fix.