The Top Fixed Interest Savings Discussion Area

subjecttocontract

kten said:

It's said GB bank 1yr fixed saving rate would be reduced by 2% from 2/8/2024.
Anyone heard about it? 

If that's what it says then it's certain that's what is going to happen wether anyone heard about it or not.

Sea_Shell

GB Bank via Raisin is dropping to 4.96% wef 2.8.24

So there is no "funding window".     I have one applied for already, last week, and so I have to fund it or lose it by tomorrow.

slinger2

RCI Bank have cut their fixed rate savings. 1 year 4.3% (was 4.6%), 2 year 4.7% (was 5.0%), 3 year 4.4% (was 4.76%), 4 year 4.0% (was 4.25%). 5 year remains at 4.0%.

ToastLady

For existing customers only...Oxbury 1 year fixed at 5.16% still available.

ToastLady

For existing customers only...Oxbury 1 year fixed has gone down to 5.06%

subjecttocontract

Raisin have 1 year fixed accounts at 5.16%

ToastLady

subjecttocontract said:

Raisin have 1 year fixed accounts at 5.16%

Thank you, useful for some. I managed to get Oxbury before it went down, just went on today to check when I had to fund it by and checked what was available at the same time. You have to grab rates when you see them at the moment and not dither.

emma1868

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

t1redmonkey

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

emma1868

t1redmonkey said:

emma1868 said:

I have found a fixed rate account with Progressive Building Society @ 5.2% that is still available. I cannot see that it is mentioned on this thread - apologises if I have missed it. It doesn't seem to have been highlighted on any financial websites so I wondered if there was a problem with it or whether it hade been missed (which seems odd). Has anyone else opened and funded this account? Thanks, Emma.

It looks fine to me.  The only slight 'oddity' I noticed with it, is you have to make your initial deposit on the day you open the account to qualify for the interest rate.  It is listed on Moneyfacts, but only if you choose to see 'existing customer accounts', which is a bit inaccurate, since this bond is open to existing and new customers.

Thanks for your reply, t1redmonkey. Yes, I noticed the quirk about the deposit but I thought it might be in case the bond went NLA and was replaced by a lower rate so you would receive that rate instead. I'm just guessing as there is nothing to suggest what rate you would receive if you did delay funding. For anyone interested,it is a 1 year bond. Thanks, Emma