The Top Fixed Interest Savings Discussion Area

janusd

Thumbs_Up said:

janusdesign said:

Frequentlyhere said:

intalex said:

intalex said:

Atom launched new fixed rates this morning, though left the instant access rate untouched...

Atom 2-year fix upped to 4% AER (3.93% Gross for the monthly) - only the 2-year term

You just have to step back and shake your head sometimes. almost unimaginable levels from just a little while ago. I'm looking at my chunky zopa 1.35% 1-year fix not maturing until January and grimacing a little!

if it makes you feel any better, i'm looking at my Oaknorth account @ 1.25% not maturing until August next year... grimace is a good word!

I thought you was one of the savvy one’s on here...Gulp.

it's mistakes like that that teaches you to become more savvy lol

westv

intalex said:

intalex said:

Atom launched new fixed rates this morning, though left the instant access rate untouched...

Atom 2-year fix upped to 4% AER (3.93% Gross for the monthly) - only the 2-year term

I'd like a 1 year fix at that rate.

Patr100

Current reports from several mainstream sources suggest still some mileage in increases to come.
Though the question is always when to try to anticipate the fall off in longer term rates or if you
simply want more certainty .
BBC Economics main reporter:

https://twitter.com/faisalislam/status/1572942409398648839?s=20&t=yqVmj9o2GhkUjNp7pRtORA

Could the UK see interest rates rise to 5%?
https://www.bbc.co.uk/news/business-62990423

t1redmonkey

Not heard of them before but Market Harborough BS have brought out some 3 year bonds at 4.10%

Patr100

Charter bank  3.55%  1 year
Annual or monthly interest
min £5k

Patr100

Monument Bank 1 year:  3.60% 
Paid on maturity
Online only
Min £25k

adindas

I just saw it today

Oxbury Personal 1 Year Bond Account 3.48% Fixed Rate - Issue 14

pay 3.48% fixed for one year minimum £1,000

I understand FSCS protected, but I have not really got time to scrutinise it. Other members please provide warning of any red flags, if any.

https://www.oxbury.com/product-summary-personal-1-year-bond-bap0511

CheekyMikey

westv said:

intalex said:

intalex said:

Atom launched new fixed rates this morning, though left the instant access rate untouched...

Atom 2-year fix upped to 4% AER (3.93% Gross for the monthly) - only the 2-year term

I'd like a 1 year fix at that rate.

Yes…first to offer a 1 year at 4% will get my money…hoping it’s Zopa as it’s nearly all with them already and would make it easier

Patr100

Just to add to other suggestions that rates will need to climb even more specially following the mini budget.

NIESR: Interest rates to hit 5% next year due to inflationary measures The tax cuts announced today, and the energy price freeze, could drive UK interest rates over 5% by next summer, the National Institute of Economic and Social Research says. That’s more than double their current levels (2.25%), and would force up the mortgage repayments of millions of borrowers. NIESR warns that the Bank of England will be forced to tighten monetary more aggressively, because the mini-budget will be inflationary. They say: The announced energy price guarantee has taken 2 percentage points off the peak in inflation but, potentially, lengthened the time it will take inflation to fall back to its 2 per cent target. And with inflation high and rising, we expect the Monetary Policy Committee of the Bank of England (MPC) to continue raising interest rates from the 2.25 per cent rate announced yesterday to 5 per cent by the end of September of next year.

trickydicky14

Patr100 said:

Just to add to other suggestions that rates will need to climb even more specially following the mini budget.

NIESR: Interest rates to hit 5% next year due to inflationary measures The tax cuts announced today, and the energy price freeze, could drive UK interest rates over 5% by next summer, the National Institute of Economic and Social Research says. That’s more than double their current levels (2.25%), and would force up the mortgage repayments of millions of borrowers. NIESR warns that the Bank of England will be forced to tighten monetary more aggressively, because the mini-budget will be inflationary. They say: The announced energy price guarantee has taken 2 percentage points off the peak in inflation but, potentially, lengthened the time it will take inflation to fall back to its 2 per cent target. And with inflation high and rising, we expect the Monetary Policy Committee of the Bank of England (MPC) to continue raising interest rates from the 2.25 per cent rate announced yesterday to 5 per cent by the end of September of next year.

 

So, will we now have folks continuing to say, I'm holding off because rates have a way to go yet? if that prediction is correct, you may as well get in quick now on a one-year fix at 3.5%ish and have your cash ready for the big one in a year's time.