The Top Fixed Interest Savings Discussion Area

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I sold my house last year was planning to buy a house this year and because of this I have a large amount of cash invested in 5 or so easy access accounts ( not chase)

So change of plan in the next month or so money will be transfer to 1 year fixes ready to look again at the housing market next year. From a selfish point of view I hope house prices will dramatically decline in the next 12 months or so. Please don’t dilute this thread with opinions about house prices.

Place your bets who going to move first reluctantly upping the interest rate.   

typistretired

The only fixed I would go for if I needed one would be a mortgage loan definitely not going for a fixed rate savings account

cloud_dog

typistretired said:

The only fixed I would go for if I needed one would be a mortgage loan definitely not going for a fixed rate savings account

Definitely going for a fixed rate savings account in the not too distant future.

I'm sure our purposes are completely different but support our own different requirements.

meat_n2_reg

I'm holding out for a short while before doing another 1 year fix , hope rates do get passed on 

jimexbox

meat_n2_reg said:

I'm holding out for a short while before doing another 1 year fix , hope rates do get passed on 

I'm probably going to fix in December for a year. Most likely multiple rate rises by then. Not enough of a premium above Chase to make it worthwhile at the moment. 

Patr100

Good points about holding off for a while. The BoE under estimated inflation in Feb so had to play catchup 
and increase inflation estimate for later this year - they may still be underestimating the future rate .
They dont have a good record in predicting it lately.
Never  a perfect answer - it's just trying to guess the sweet spot if you do decide later to go for a fix.  

Malchester

Patr100 said:

Good points about holding off for a while. The BoE under estimated inflation in Feb so had to play catchup 
and increase inflation estimate for later this year - they may still be underestimating the future rate .
They dont have a good record in predicting it lately.
Never  a perfect answer - it's just trying to guess the sweet spot if you do decide later to go for a fix.  

Not easy getting the balance right - holding off on a lower easy access rate for a while until fixed rates rise a bit more or going for it now and get a higher rate than easy access (but less than if you wait for a couple of weeks)

Malchester

Just noticed Shawbrook have a 6 month fixed rate of 2%. May be a good interim fix

ranciduk

Malchester said:

Just noticed Shawbrook have a 6 month fixed rate of 2%. May be a good interim fix

Just about to post this

brilliant rate for just 6 months!

can someone tell me - if you open one of these with shawbrook, how long do they give you to make your deposits?

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Malchester said:

Just noticed Shawbrook have a 6 month fixed rate of 2%. May be a good interim fix

This works for me, eases the disappointment with Chase. Also money won’t flood in unlike easy access accounts ie people won’t panic that they will miss out knowing other products will match or beat it.