The Top Fixed Interest Savings Discussion Area

Steve_xx

SickGroove said:

Reinvest maturing Ford fix into another 2 year fix with them @ 4.25% or stick it all onto my Zopa 4.75% then fix elsewhere when that rate considerably drops?

I'm not in the rush for the money & have been getting the interest paid away from my current Ford fix. 

I'm maxed out on this year's cash ISA allowance btw

Cheers

There's a 2 year fix with First save at 4.45%.

If bank rate reduces next month, and I reckon it's likely to, then the current 2 year fixes will reduce too. So do you take a slight hit now by going to FirstSave, or a likely being hit by stalling? Id opt for FirstSave now.

Janie2008

SickGroove said:

Reinvest maturing Ford fix into another 2 year fix with them @ 4.25% or stick it all onto my Zopa 4.75% then fix elsewhere when that rate considerably drops?

I'm not in the rush for the money & have been getting the interest paid away from my current Ford fix. 

I'm maxed out on this year's cash ISA allowance btw

Cheers

Or put it in the best available 2 year fix with firstsave at 4.45%. If interest rates drop in December the rate at Zopa will be similar. I don't think this rate will hang around long so would need opening ASAP. 

refluxer

SickGroove said:

Reinvest maturing Ford fix into another 2 year fix with them @ 4.25% or stick it all onto my Zopa 4.75% then fix elsewhere when that rate considerably drops?

I'm not in the rush for the money & have been getting the interest paid away from my current Ford fix. 

I've also just had a bond mature (Oxbury for 2 years at 6.01% - those were the days) and have gone for a 2 year fixed rate with DF Capital at 4.41%. I've not used them before but their account opening process was quick and straight-forward (no extra ID or nominated bank account proof needed for me) and their banking site looks slick.

They're a UK-based bank (HQ is in Manchester) who lend to UK businesses which is all good, but the main benefit for me is that they're one of the few fixed rate account providers currently at the top of the 'best buy' tables who have the option of having the interest on 2+ year fixes paid at maturity rather than annually, which is advantageous to me on this occasion.