The Top Fixed Interest Savings Discussion Area

wmb194

Gilts are beginning to look more interesting than fixed savings accounts e.g., 4.36% on the two year this morning. It might portend higher deposit rates sooner rather than later.

https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk

Frequentlyhere

I think it's far more than "might". Markets are now pricing in rates above 6% in the first half of next year.

https://twitter.com/EdConwaySky/status/1574329155138818051

I usually take 1 year fixes, but I wouldn't be fixing for longer than 30 days at present.

mebu60

Daliah said:

billy2shots said:

Daliah said:

billy2shots said:

I have a large sum sat at 1.5% easy access (not changing for 0.3  in the hope of a good jump soon). 

what would be your trigger rate?

2.5% with full freedom to jump at a moment's notice depending on other products and stock market performance. 

2.5% instant access sounds somewhat greedy just now, and you are losing out on 2.1% instant access which you could have had since Sept 1 (up from 2.0% which was available from August 2). Each to their own though.

If you've been a YBS customer continuously for the past 12 months 2.5% EA is available today. It you don't meet their loyalty criteria there's an option to get 2.5% EA on £5k. Both accounts have limited withdrawal dates (6 and 2 respectively) plus account closure at any time. 

intalex

Zopa have released new fixed rates, although it seems they only pay the monthly interest into the fixed account, not out...

Daliah

mebu60 said:

Daliah said:

billy2shots said:

Daliah said:

billy2shots said:

I have a large sum sat at 1.5% easy access (not changing for 0.3  in the hope of a good jump soon). 

what would be your trigger rate?

2.5% with full freedom to jump at a moment's notice depending on other products and stock market performance. 

2.5% instant access sounds somewhat greedy just now, and you are losing out on 2.1% instant access which you could have had since Sept 1 (up from 2.0% which was available from August 2). Each to their own though.

If you've been a YBS customer continuously for the past 12 months 2.5% EA is available today. It you don't meet their loyalty criteria there's an option to get 2.5% EA on £5k. Both accounts have limited withdrawal dates (6 and 2 respectively) plus account closure at any time. 

Thanks, you beat me to it, was meant to post this here. I got side tracked with moving money into my new YBS six access saver 

mebu60

Thanks, you beat me to it, was meant to post this here. I got side tracked with moving money into my new YBS six access saver 

Well done :-)
I was undone by the 'continuously'. Won't make that mistake again, will be sure to leave £1 in my IS Plus Issue 11 that drew me back to YBS in July. 

biscan25

wmb194 said:

Gilts are beginning to look more interesting than fixed savings accounts e.g., 4.36% on the two year this morning. It might portend higher deposit rates sooner rather than later.

https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk

Gilt redemptions are also free of capital gains tax, so you'll only pay income tax on the coupons.

biscan25

And of course you can always sell gilts before they mature, unlike most fixed interest cash savings. You run the risk of price changes if you do need to sell however.

Pompeydave1967

Come on Shawbrook , you are well behind on everything .

mebu60

Pompeydave1967 said:

Come on Shawbrook , you are well behind on everything .

Aldermore even further adrift.