The Top Fixed Interest Savings Discussion Area

Oasis1

How does one buy gilts?

t1redmonkey

Zopa just brought out top of table 3, 4, and 5 year fixed terms (4.11, 4.12, 4.15% respectively) - and then SmartSave have topped their 5 year rate by 0.01% (4.16%).

Edit: Also same thing on 2 year as well by the looks of it (4.01% then SmartSave increased theirs to 4.02%!).

Hope they are reviewing their easy access/boosted pot rates as well

Frequentlyhere

Suddenly all of the long term rates available look paltry in the context of today's events. Bond yields have risen even more since this afternoon. I think we'll be seeing some extraordinary rises over the next few months.

t1redmonkey

Yes I wouldn't fix either until there's some signs of stabilisation in rates (which there definitely aren't at the moment).

Oasis1

t1redmonkey said:

Yes I wouldn't fix either until there's some signs of stabilisation in rates (which there definitely aren't at the moment).

Won't long-term rates decrease a bit once rates become stable/look like they're about to fall?

wmb194

Oasis1 said:

How does one buy gilts?

You need a stockbroker that offers them e.g., AJ Bell, Hargreaves Lansdown.

You can find them listed on the DMO website and also on the LSE's. They all have stockmarket tickers and the maturity date is usually in it so e.g., TR25 matures in 2025 and if you enter that into HL's or the LSE's website you'll find the quotes page.

If you don't already know you should try to educate yourself on bond basics, like understanding yield to maturity.

https://www.dmo.gov.uk/data/pdfdatareport?reportCode=D1A

https://www.hl.co.uk/shares/shares-search-results/t/treasury-5-07032025-gilt

t1redmonkey

Oasis1 said:

t1redmonkey said:

Yes I wouldn't fix either until there's some signs of stabilisation in rates (which there definitely aren't at the moment).

Won't long-term rates decrease a bit once rates become stable/look like they're about to fall?

Well yes, but you'd have an idea of when that would happen by following business/economic news.

Bigwheels1111

Investec 4.25% 2 year fixed via Raisin

t1redmonkey

3.9% 1 year from Investec 

Frequentlyhere

Good stuff, looks like they're already moving on implied market rates. Not surprising, as there's probably some good money to be made for them even at market leading rates at the moment with how fast the landscape has changed.

FWIW, I quite like Investec since they've overhauled their website, much better to use.

Though >4% on a 1 year fix by the end of the week? I wouldn't be surprised.

Remember what feels about 10 minutes ago when the rather sketchy Union bank of India released that 'needlessly high' rate of 3.2% for a 1 year fix? Things change fast!