The Top Fixed Interest Savings Discussion Area

mattojgb

NannaH said:

I’m torn between being pleased rates are rising quickly and horrified because my Daughter can’t lock in another fix on her mortgage until late October!  At the moment Nationwide are still offering a 10 year fix at 3.99% but for how much longer? 

5.2% from tomorrow

jak22

Although inflation is bad for all and rates rises bad for many, fixes have increased by 0.9% in the last 3 months already. If youre lucky enough to have 100K deposited then that's £900 more interest over a year - enough for a big purchase like that TV just from the rate change.

Thumbs_Up

jak22 said:

Although inflation is bad for all

I’m sure some cynical governments like high inflation to erode the national debt. A double edge sword though.  

bristolleedsfan

NannaH said:

!  At the moment Nationwide are still offering a 10 year fix at 3.99% but for how much longer? 

https://news.sky.com/story/more-mortgage-providers-pull-deals-over-rate-rise-fears-12706454

Nationwide announced a price increase in its two, three, five and 10-year fixed rates by between 0.90% and 1.2% from Wednesday. Existing customers looking to switch to a new deal would have lower increases, of 0.55% to 0.85%, the lender said.

dgpur

jak22 said:

Interest rates have been rising all year and will continue to rise even without these hypotheticals. If you rather make just a single investment at the highest possible rate and prefer a strategy of doing nothing then hang on - but in several months time it might be equally tempting just to hang on again. As long as there is a reasonable gap between variables (now 2 - 2.5%) and 1 yr fixes (now 3.5 - 4%) then as the variable needs to catch up and then overtake by that amount to work out better over the year then putting in a smaller amounts every few months or so could still give more income. 

That’s certainly been my thinking. Every time one of my £5000 chunks matures, if I invest at the best available rate (though, again, curses to Oxbury today!) each time, I’m going to do better than leaving cash in lower easy/delayed access accounts in the search for a best possible rate that I may never get quite right.

Silverbullet036

I'm like a lot on here in that I break my fixes down into smaller tranches. I dont get worked up about getting a better rate in 2 weeks time. That will be taken care of by using another pot from an easy access account. The idea in this market for me is steadily increase the average I rate I get overall.

Remain flexible and be prepared to pull the trigger , paralysis gets you nowhere trying to find the top of the rise

NannaH

mattojgb said:

NannaH said:

I’m torn between being pleased rates are rising quickly and horrified because my Daughter can’t lock in another fix on her mortgage until late October!  At the moment Nationwide are still offering a 10 year fix at 3.99% but for how much longer? 

5.2% from tomorrow

Oh god, really?  😨

NannaH

bristolleedsfan said:

NannaH said:

!  At the moment Nationwide are still offering a 10 year fix at 3.99% but for how much longer? 

https://news.sky.com/story/more-mortgage-providers-pull-deals-over-rate-rise-fears-12706454

Nationwide announced a price increase in its two, three, five and 10-year fixed rates by between 0.90% and 1.2% from Wednesday. Existing customers looking to switch to a new deal would have lower increases, of 0.55% to 0.85%, the lender said.

!!!!!!, I should have given her the cash to pay the ERC so she could have fixed.  

She is currently paying 3.75% with Nationwide at 90% ltv but should  have at least 10% more equity now after 18 months.  The Nationwide calculator gives a 16% increase in house prices for her postcode. 

Pompeydave1967

Still waiting for the 1st 1 year 4% fixed , getting close now with oxbury @ 3.91.

RG2015

Why are people posting about mortgage rates on a savings board?