The Top Fixed Interest Savings Discussion Area

ua8

hmm looks like on the slide, just wondering the 1 year fixed Ahli United Bank UK via Raisin on the site how long do you have till you need to fund it ? pretty sure it said 60 days before now cant find it 

thanks

DavidAC

From the BBC Buisness section and elsewhere

"It (IMF) warned Bank of England rates would peak at 6% and stay around 5% until 2028. Rates are currently 5.25%."

So maybe savings rates have not peaked. Have the IMF predictions been accurate in the past.

dcs34

DavidAC said:

From the BBC Buisness section and elsewhere

"It (IMF) warned Bank of England rates would peak at 6% and stay around 5% until 2028. Rates are currently 5.25%."

So maybe savings rates have not peaked. Have the IMF predictions been accurate in the past.

In short, no:

In April, the IMF predicted the UK would fall into a recession this year. That turned out to be wrong. They also claim in this latest forecast that they expect “the Bank of England to raise [interest rates] to peak at about 6%“, despite the BofE holding rates at 5.25% at the end of last month, and the markets now believing the peak has already been reached. According to Sky News, the IMF’s data today is based on figures from August. They admit the latest outlook doesn’t even account for the upward revisions to the UK economy after the pandemic.

intalex

I seem to recall there were some clear markers / trends that banks followed in deciding savings rate adjustments, can't remember what these were but there was at least one forum member who helpfully analysed these markers and shared a simplified outlook.

trickydicky14

FindingBBob said:

Ford Money Website now showing 5.95% for both 1 & 2 Year- rates are on the slide. 

If you have an account with Ford you can log in and still get the higher rates on all fixed accounts.

Growingold

trickydicky14 said:

FindingBBob said:

Ford Money Website now showing 5.95% for both 1 & 2 Year- rates are on the slide. 

If you have an account with Ford you can log in and still get the higher rates on all fixed accounts.

No just tried.  1 yr and 2 yr showing as 5.95% (the new rate) but the 18mth one which is NLA for new customers is showing still at 6.05%

trickydicky14

Growingold said:

trickydicky14 said:

FindingBBob said:

Ford Money Website now showing 5.95% for both 1 & 2 Year- rates are on the slide. 

If you have an account with Ford you can log in and still get the higher rates on all fixed accounts.

No just tried.  1 yr and 2 yr showing as 5.95% (the new rate) but the 18mth one which is NLA for new customers is showing still at 6.05%

Sorry about that, it was showing the higher rate at 9pm yesterday.

Growingold

trickydicky14 said:

Growingold said:

trickydicky14 said:

FindingBBob said:

Ford Money Website now showing 5.95% for both 1 & 2 Year- rates are on the slide. 

If you have an account with Ford you can log in and still get the higher rates on all fixed accounts.

No just tried.  1 yr and 2 yr showing as 5.95% (the new rate) but the 18mth one which is NLA for new customers is showing still at 6.05%

Sorry about that, it was showing the higher rate at 9pm yesterday.

Maybe they'll remove the 18mth one soon as it's NLA

Catplan

ischris85 said:

Opened a Santander Edge and Easy Access on 10th September - no interest payments on the monthiversary/this morning yet

Santander if like other interest paying accounts ( with Santander) will pay interest day after so if opened On 10th I’d expect the interest on 11th. This is how it’s work for me EA opened 4th sept interest paid 5th Oct.

trickydicky14

Growingold said:

trickydicky14 said:

Growingold said:

trickydicky14 said:

FindingBBob said:

Ford Money Website now showing 5.95% for both 1 & 2 Year- rates are on the slide. 

If you have an account with Ford you can log in and still get the higher rates on all fixed accounts.

No just tried.  1 yr and 2 yr showing as 5.95% (the new rate) but the 18mth one which is NLA for new customers is showing still at 6.05%

Sorry about that, it was showing the higher rate at 9pm yesterday.

Maybe they'll remove the 18mth one soon as it's NLA

It’s a bit confusing, when I login and go to the savings page it still has the old higher rates, then when you click through to more info, you get the new lower rates.