The Top Fixed Interest Savings Discussion Area

BigBlueSky

Gatehouse Bank
6 Month Fixed Term Woodland Saver
5.25% AER (Expected Profit Rate)

This rate applies from tomorrow 26/06/2024 (Currently 5.15%)

https://gatehousebank.com/personal/savings/fixed-term-deposits/6-month-fixed-term-deposit

Middle_Sister

BigBlueSky said:

Gatehouse Bank
6 Month Fixed Term Woodland Saver
5.25% AER (Expected Profit Rate)

This rate applies from tomorrow 26/06/2024 (Currently 5.15%)

https://gatehousebank.com/personal/savings/fixed-term-deposits/6-month-fixed-term-deposit

I thought I'd successfully opened this account today but after receiving an email and logging back in I can't see a sort code and account number anywhere.  Any clues?

VNX

baggieblood said:

Hi all,

Having used the mse best rates page for a lot of years I just wanted to please ask if anyone knows why they no longer show the highest rates available for one year fixed rate accounts for example.

Previously, even if mse didn't make any money from me clicking on a link for a best rate account you used to show that account.

Has that now changed?

I ask because when I look elsewhere  they have higher rates like 5.21% with Vanquis bank and your highest is the The Hodge bank for 5.16%, and it makes me think those higher rate paying accounts may not be legitimate.

Can anyone please confirm why mse are no longer showing all the best accounts?

Thanks in advance for any insight.

MSE is an excellent resource but it’s not the only trusted source that exists, just because it’s not on MSE hardly makes it illegitimate 

Yorkshire_Pud

BigBlueSky said:

Gatehouse Bank
6 Month Fixed Term Woodland Saver
5.25% AER (Expected Profit Rate)

This rate applies from tomorrow 26/06/2024 (Currently 5.15%)

https://gatehousebank.com/personal/savings/fixed-term-deposits/6-month-fixed-term-deposit

I just last week opened this at 5.15%, but not funded yet as they said the six month period doesn’t begin until the first deposit is received and then has a 30 day funding window. I will check but I think they automatically increase the rate to the new one if within certain number of days of opening.

mebu60

I opened and funded a 1 Year Bond with Cynergy yesterday at 5.2%. Today they have emailed to say the rate has increased to 5.23% and as I am still in the funding window they have increased it automatically :-) 

Next week I shall open the Gatehouse 6 Month Bond at 5.25% and fund it with the amount of tax for my 23/24 interest plus 24/25 payment on account that I will have to pay by the end of January :-( 

Middle_of_the_Road

Hampshire Trust Bank have new 3 and 5 year fixed rate accounts at 4.7% and 4.55% respectively.
 
https://www.htb.co.uk/personal-savings/fixed-rate-accounts

nottsphil

ranciduk said:

Halifax have upped their 5 year fix to a staggering 0.75%

If anyone is interested!

I've been reading the first couple of pages of this thread and came across this. Anybody taking this out must be in despair right now because they're not even half way through the term. It shows the folly of the five year fix because nobody knows if inflation will take off again or whether war in Europe will escalate. 

francoghezzi

nottsphil said:

ranciduk said:

Halifax have upped their 5 year fix to a staggering 0.75%

If anyone is interested!

I've been reading the first couple of pages of this thread and came across this. Anybody taking this out must be in despair right now because they're not even half way through the term. It shows the folly of the five year fix because nobody knows if inflation will take off again or whether war in Europe will escalate. 

Should the war in Europe escalate I doubt it very much there will be anybody left to mourn regarding the poor level of interest of that Halifax 5 year fix

slinger2

nottsphil said:

ranciduk said:

Halifax have upped their 5 year fix to a staggering 0.75%

If anyone is interested!

I've been reading the first couple of pages of this thread and came across this. Anybody taking this out must be in despair right now because they're not even half way through the term. It shows the folly of the five year fix because nobody knows if inflation will take off again or whether war in Europe will escalate. 

What about those that bought the 0.5% Treasury Gilt 2061. 37 more years for them.

masonic

slinger2 said:

nottsphil said:

ranciduk said:

Halifax have upped their 5 year fix to a staggering 0.75%

If anyone is interested!

I've been reading the first couple of pages of this thread and came across this. Anybody taking this out must be in despair right now because they're not even half way through the term. It shows the folly of the five year fix because nobody knows if inflation will take off again or whether war in Europe will escalate. 

What about those that bought the 0.5% Treasury Gilt 2061. 37 more years for them.

In a way, the gilt was less of a risk, as there was an opportunity to get out before the full effects of rate normalisation were felt. Assuming one understood the price impact of yields returning to normal and could see the initial small loss would inevitably transform into a large loss if they held on.