The Top Fixed Interest Savings Discussion Area

janusd

Pompeydave1967 said:

Has gone a little quiet with any decent 1 yr fixes , I have ££ to invest Friday , hoping something better by then , 3.5% would be great !

the next BoE meeting is a week on Thursday... if you're fixing, might be worth waiting a week or two.

RG2015

janusdesign said:

Pompeydave1967 said:

Has gone a little quiet with any decent 1 yr fixes , I have ££ to invest Friday , hoping something better by then , 3.5% would be great !

the next BoE meeting is a week on Thursday... if you're fixing, might be worth waiting a week or two.

But some FIs may go early and at some point the BoE may hold rates.

Definitely a cat and mouse game, or maybe chicken and egg?

BoE Meeting dates

Thu 15 Sept
Thu 3 Nov
Thu 15 Dec
Thu 2 Feb 2023 (provisional)

And more below if you are interested.


https://www.bankofengland.co.uk/monetary-policy/upcoming-mpc-dates

Patr100

Pompeydave1967 said:

Has gone a little quiet with any decent 1 yr fixes , I have ££ to invest Friday , hoping something better by then , 3.5% would be great !

As mentioned earlier,  Raisin and Ahli Bank has hit 3.5
but it's very much the outlier for now.

Pompeydave1967

janusdesign said:

Pompeydave1967 said:

Has gone a little quiet with any decent 1 yr fixes , I have ££ to invest Friday , hoping something better by then , 3.5% would be great !

the next BoE meeting is a week on Thursday... if you're fixing, might be worth waiting a week or two.

I’m always waiting lol , but yes you are right a couple more weeks won’t hurt.

Bigwheels1111

I’m taking a risk and waiting until January or February, when I hope 5% for 5 years might be around.
Al Ryan & Gatehouse bank are giving me over half what I could get for a fixed.
So will play the game for a while.

jak22

In the future rates may begin to stabilise and that's the time for 3-5 year fixes but for shorter fixes if you put off for months it'll be just as tempting to just put off once again then.

Some new offers might come out nearer the next BoE meeting but as long as its a 1 year fix with a reasonable gap over current variable (say 3.2% fix when variables are 1.8% and so on) then even if the variable catches up it still has to overtake by that amount to average out better over the year. Putting off moving at least some of a variable into a fix might just be missing out on the better rate. 

Thumbs_Up

RG2015 said:

Definitely a cat and mouse game, or maybe chicken and egg?

Or from a different point of view it’s winners vs losers.

There are verbal battles between millennials vs boomers – now we will have savers vs mortgage payee. The media will be having a field day. Let battle commence.

Pompeydave1967

Atom down for an hour now (8pm-9pm) for maintenance , are they upping rates ? I’ll check just gone 9.

Pompeydave1967

Pompeydave1967 said:

Atom down for an hour now (8pm-9pm) for maintenance , are they upping rates ? I’ll check just gone 9.

Nothing new , dam I was hoping for a better 1 yr fixed rate .I’ll hang on a bit longer.

mebu60

I have just taken the Shawbrook 1 Year Fix at 3.26%. Two months ago  I was happy with a Cynergy 1 Year at 2.72%!

Will reduce my Shawbrook EA Iss 29 at 1.86% to fund the 1 Year. Current plan is to put £20k into a 1 Year fix every couple of months or so. Depending on the differential between 1 Year and EA and the direction of travel of rates.

Can't transfer between Shawbrook accounts. Have to move the money via my nominated current account.