The Top Fixed Interest Savings Discussion Area

SJMALBA

jak22 said:

Do they not give you another 7 days after the issue is withdrawn to carry on making deposits? As there's no short time limit to funding the fix - at least while the issue is open - it's a better way than some others.

Yes, they do:

 

ZeroSum

Thumbs_Up said:

ZeroSum said:

Atoms monthly is 3.15% its the compounding of the interest upon interest takes it upto 3.2% over the 12 months, if you choose to have the interest paid into the fixed account

Thank you for pointing this out. As I said everyone has their own circumstances, mine would be monthly interest payments. Just bear in mind their is likely to be 3 more uplifts to the base rate this year. And more to follow next year (as a guess) So I would put interest (ready to spend as I please)  in a variable account currently 1.9%

Personally I also prefer monthly options and would choose a slighly lower rate monthly option over an annual one when the rate difference is 0.05% , but it did read as though you didn't quite understand AER

jaypers

Can you pay money into an Atom Fixed Saver account directly from the Easy Access account or does i5 have to be from the linked account? 

garyelder

I move money from Nat west link acc to Atom
i wouldn’t  want other accounts linked , the less the better is my view

Daliah

NS&I green bonds now up to 3%. Still lagging behind market leaders, so I don't know who would be interested in them.

clowning

jaypers said:

Can you pay money into an Atom Fixed Saver account directly from the Easy Access account or does i5 have to be from the linked account? 

I messaged them a couple of months ago to ask this question and was told - No you can't. It has to be withdrawn to a nominated account. 

Ocelot

Thumbs_Up said:

I see this as a cat and mouse game. Everyone and their dog knows inflation is high and will remain high all through next year (2023)

The banks need to be a bit bolder to lure in savers to get their allocated money needed for next year. Everyone has their own unique circumstances, but I haven’t taken the bait, have you?

I haven't yet as mine don't mature until next year or the year after, and are on much lower rates (averaging 1.5%).

Patr100

Daliah said:

NS&I green bonds now up to 3%. Still lagging behind market leaders, so I don't know who would be interested in them.

Just to add, that's a 3 yr fix.
So yeah, not a good one.

Bigwheels1111

depending on savings amount and interest rate annual interest payment could be advisable.
Due to the £1000 or £500 tax free interest.

Notepad_Phil

Bigwheels1111 said:

depending on savings amount and interest rate annual interest payment could be advisable.
Due to the £1000 or £500 tax free interest.

But don't forget that the tax on the 3 years worth of interest all becomes due in the year it matures, so it would need careful consideration and planning to make sure that the lower headline rate really was worth it for tax reasons.