The Top Fixed Interest Savings Discussion Area

Bazzalona13295

creo said:

Bazzalona13295 said:

creo said:

I messed up and didn't think rates would fall as quickly as they did.

What would people go for 1 year fixed isa wise? It feels like shawbrook is my only choice as I want to add more funds after the initial deposit.

I've got a Shawbrook ISA and as you say you can add to it which is what I'm trying to do, think its 5.83% though couldn't tell you if that rate is still available, I doubt it tbh.

Nah its not, those were the rates I was looking at in November but became very busy and so completely neglected this It's at 5.01% right now.

Tempted to just stick it in the easy access moneybox 5.09%, if it drops to 4.7% fairly quickly I won't be losing that much as my initial deposit is only around 9k. Reason I say that is because you can only add more funds to the shawbrook account "as long as the product is open", what if they close it next month?

Whole point for me is to get as many funds into the ISA before the next tax year so my total ISA fund is that little bit bigger.

I can only put a certain amount in at a time, thats to say I can't just throw the 20k in immediately, I have various RS accounts maturing but over a period of time, so hopefully it stays as it is for the next few months and I can get near the 20k by the beginning of April.

As we all know, the second interest rates stopped going up the banks etc started reducing rates - they are slow to follow a rise but like lightning if there is the merest hint of a plateau.

I'm no expert so I'd say just get the highest rate you possibly can, irrespective of whether or not its tax free because the rates are only going one way now.

Archerychick

becky_rtw said:

Quick question. We now have a lot of fixed term accounts and also have a tax bill coming up in 2025 (not for interest but capital gains).

I'd quite like a software similar to Microsoft money where we can do cash flow analysis. As some of our account mature we will need to spend them to live off and for one off spend. 

Any of you lovely people use anything that you recommend?

We need to track monthly spending, cash flow and upcoming liabilities. I know we can do it on a spreadsheet but wanted something a bit more visual/easier. 

I use Moneydance which is software I found after I used Microsoft money. I don’t use it for cash flow or budgeting because I don’t budget and know I have cash flow I need. But it has all those features 

becky_rtw

Archerychick said:

becky_rtw said:

Quick question. We now have a lot of fixed term accounts and also have a tax bill coming up in 2025 (not for interest but capital gains).

I'd quite like a software similar to Microsoft money where we can do cash flow analysis. As some of our account mature we will need to spend them to live off and for one off spend. 

Any of you lovely people use anything that you recommend?

We need to track monthly spending, cash flow and upcoming liabilities. I know we can do it on a spreadsheet but wanted something a bit more visual/easier. 

I use Moneydance which is software I found after I used Microsoft money. I don’t use it for cash flow or budgeting because I don’t budget and know I have cash flow I need. But it has all those features 

Thanks I will check that out. 

Patr100

Getting off topic now, but if you want to try free finance software for personal use, try Homebank, which I use.
https://www.gethomebank.org/en/index.php

becky_rtw

Ooo it works on Linux by default 😍😎

Futuristic

Not really ever close to leading but I remember NatWest fixed was over 5% 2-3 months ago and was 4.6% this month (as per yesterday even) and has been reduced to 4.3% now for 1y fix. 

Janie2008

Futuristic said:

Not really ever close to leading but I remember NatWest fixed was over 5% 2-3 months ago and was 4.6% this month (as per yesterday even) and has been reduced to 4.3% now for 1y fix. 

And only 3.8% for the 2 year. 

StayinAlive

Interesting reversal of trend with 1 year bonds in the last couple of days. Shawbrook up to 5.12%, Hodge 5.10% and even Atom back up to 5.10%.

Pompeydave1967

Very surprised with atom , have been watching them for a while but it’s been all downhill until now. Their 6 month / 9 month / 1 year all at 5.1%. Pity they havnt moved the 2 or 3 yr rate .

jimexbox

A couple of weeks ago I kept reading that the markets had 'penciled' five rate cuts this year. I thought it was very optimistic.