The Top Fixed Interest Savings Discussion Area

BooJewels

I wish they'd stop playing silly beggars with that FirstSave fix - I had already opened a Ford fix and hadn't fully funded yet and the deadline was approaching, awaiting another fix maturing.  Got the money mid-morning, decided to split it and get the First Save one too - to give me the longevity of 3 years - but it had been withdrawn, so I put it all with Ford and it's bimbled back available a couple of times during today.  Too late now.  I wasn't overly worried about the small difference in interest, it was the security of that rate for 3 years I would have liked.

southone

BooJewels said:

I wish they'd stop playing silly beggars with that FirstSave fix - I had already opened a Ford fix and hadn't fully funded yet and the deadline was approaching, awaiting another fix maturing.  Got the money mid-morning, decided to split it and get the First Save one too - to give me the longevity of 3 years - but it had been withdrawn, so I put it all with Ford and it's bimbled back available a couple of times during today.  Too late now.  I wasn't overly worried about the small difference in interest, it was the security of that rate for 3 years I would have liked.

I think they're just controlling numbers and not getting themselves bogged down with too many people signing up for the account so they can't handle it

BooJewels

southone said:

BooJewels said:

I wish they'd stop playing silly beggars with that FirstSave fix - I had already opened a Ford fix and hadn't fully funded yet and the deadline was approaching, awaiting another fix maturing.  Got the money mid-morning, decided to split it and get the First Save one too - to give me the longevity of 3 years - but it had been withdrawn, so I put it all with Ford and it's bimbled back available a couple of times during today.  Too late now.  I wasn't overly worried about the small difference in interest, it was the security of that rate for 3 years I would have liked.

I think they're just controlling numbers and not getting themselves bogged down with too many people signing up for the account so they can't handle it

I get that, but it didn't help me personally with the timing etc.  I'm already a FirstSave customer, so it would have suited me nicely and I've missed out.  If I thought it might come back, I would have hung on a bit longer.

atlantic04

I managed to sign up this morning for the 3 year bond. I'm very happy with the rate

jaypers

atlantic04 said:

I managed to sign up this morning for the 3 year bond. I'm very happy with the rate

None are working currently.

atlantic04

jaypers said:

atlantic04 said:

I managed to sign up this morning for the 3 year bond. I'm very happy with the rate

None are working currently.

I tried over the last couple of days and I managed to get hold of the rate @ 06.30 this morning 

pw23

Could someone please tell me, what is the current best interest rate and company for a 12 or 18 month saver account? I've tried scrolling through of chat but can't find it

I have £13k to test

refluxer

pw23 said:

Could someone please tell me, what is the current best interest rate and company for a 12 or 18 month saver account? I've tried scrolling through of chat but can't find it

I have £13k to test

The MoneyFacts comparison site is a good option for checking rates - the best 12 month fixed rates are here and best 18 month rates are here.

pw23

thanks for sharing, looking at the results for an 18 month fixed account. Metrobank is number one at 5.8%, but don’t you think it would be risky (and losing the interest earned) due to all of the media attention about the sustainability, especially in 18 months time.
I know my money would be protected by the FCS, but assume it would be a very long drawn out procedure in order to get my money back (investing £13k)

if this is the case, would you then opt to go for the lower rate at Union Bank 5.7%, but with more certainty in the Bank remaining solvent for the 18 months?

Steve_xx

The FSCS pay interest earned upto the 85k maximum .You are incorrect to assume a long drawn out process, in the case of failure. They aim to sort things within a couple of weeks.

I remember the Icelandic debacle a good few years ago. I had deposits in those banks. But I don't remember worrying about it!

But if you feel more comfortable with Union Bank, then go for that. I'm sure you will have fully investigated their current viability status?