The Top Fixed Interest Savings Discussion Area

2010

clowning said:

I have a 1 year fixed saver with Charter which is due to mature later this month. They are offering a new 1 year fix at 6.15% interest. Can anyone tell me if they have increased their rates since last Thursday please?

No they haven`t increased any rates since Thursday and at the moment they don`t have any fixed rate accounts to offer.
Probably mulling over what to offer next.

These savings providers are getting to be like the energy providers a couple of years back when new tariffs came out thick and fast every other day.

clowning

vic_sf49 said:

clowning said:

I have a 1 year fixed saver with Charter which is due to mature later this month. They are offering a new 1 year fix at 6.15% interest. Can anyone tell me if they have increased their rates since last Thursday please?

Is that a loyalty bonus fixed rate?

All the rates on the money facts website, dropped from 6.1+ to 6.05 before last Thursday's BoE meeting. They haven't gone back up yet. 

It is simply called a 1 year fixed saver. It is there when I look at maturity opens, under 'open new account'

My current saver matures on 22 Aug, and I can change my mind re maturity options up to 20th Aug, so I've just opened one to secure the 6.15% rate.
Thanks

Rudyson

My Kent Reliance bond matured on the 1st Aug and I was offered a maturity bond at 6.16%, when the rate on the website was 6.01%.

As Charter are owned by the same company, I suspect it is a loyalty account.

Shedman

Rudyson said:

My Kent Reliance bond matured on the 1st Aug and I was offered a maturity bond at 6.16%, when the rate on the website was 6.01%.

As Charter are owned by the same company, I suspect it is a loyalty account.

Well when the MiL's Charter 18 mth fix matured about 3 weeks ago the rate they offered her was significantly (0.5%) below the rate they had at the time for new customers so no loyalty bonus in her case. So as a result the matured funds were swiftly moved away from Charter...their loss!

Pompeydave1967

Anyone asking Atom why their fixes are going backwards ?1 year now 6% , I’m sure it was 6.10 then 6.05 a while back. Wrong direction Atom .

pecunianonolet

Pompeydave1967 said:

Anyone asking Atom why their fixes are going backwards ?1 year now 6% , I’m sure it was 6.10 then 6.05 a while back. Wrong direction Atom .

Noticed earlier as well, as I was looking for a follow up rate for my maturing Atom fix end of August. Very odd.

Pompeydave1967

Same here 1 fix with Atom finishing August , and another few in sept & Oct. Fixes seem to have stalled at the moment so a little unsure where to go later in month.

AndrewSteele888

It might be because longer term there expecting the rates to go down

georged123

Consensus seems to be rates are close to peaking but may stay higher for longer so can see fixes falling back to 5.7/5.8% and easy access climbing to over 5% comfortably.

Middle_of_the_Road

New fixed rate accounts at Hampshire Trust Bank.

Annual interest only. 

9 month 5.64%
1 year 5.85%
18 month 6.03%
2 year 6.05%
3 year 5.95%
4 year 5.85%
5 year 5.75%