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The Top Fixed Interest Savings Discussion Area

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Comments

  • jak22
    jak22 Posts: 437 Forumite
    Third Anniversary 100 Posts
    Its true that while savers are glad to see rate rises it is good to keep in mind that borrowers arent, but please keep this thread to things like actual rate rises, tips on how to operate individual accounts, or maybe highlighting something that will cause an imminent rate rise so that people can time fixes better.
  • Expotter
    Expotter Posts: 374 Forumite
    Third Anniversary 100 Posts Name Dropper
    NannaH said:
    I posted about mortgages rates to point out that while interest rises are great for us savers,  they are a disaster for young families with high ltv mortgages. 
    And I completely agree with your post, it's just that this thread has a tendency to drift wildly off topic and significant posts might become lost and overlooked.
  • jimexbox
    jimexbox Posts: 12,493 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    NannaH said:
    I posted about mortgages rates to point out that while interest rises are great for us savers,  they are a disaster for young families with high ltv mortgages. 
    Hopefully folk read their mortgage offer with examples of repayments at different levels of interest rates. As presuming rates would remain at record lows forever would be a serious mistake. 
  • Consumerist
    Consumerist Posts: 6,311 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jimexbox said:
    Hopefully folk read their mortgage offer with examples of repayments at different levels of interest rates. . .
    Off topic.

    >:)Warning: In the kingdom of the blind, the one-eyed man is king.
  • Pompeydave1967
    Pompeydave1967 Posts: 265 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Did I speak too soon Newcastle BS 1 year fixed @ 4.1% - who’s next ?
  • janusd
    janusd Posts: 1,175 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 28 September 2022 at 12:27PM
    Newcastle BS now offering a 1-Yr fix (until Nov 2023) @ 4.10% - £500 -> £250,000... monthly or annual interest options.
    Reading the t&c, seems to operate like those Shawbrook accounts where you can continue to fund until the issue is withdrawn.
    Converts to an easy access account upon maturity.
  • jimexbox
    jimexbox Posts: 12,493 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Pompeydave1967 said:
    Did I speak too soon Newcastle BS 1 year fixed @ 4.1% - who’s next ?
    Very tempting, although I think I'll hang on for 5%. 
  • ForumUser7
    ForumUser7 Posts: 2,557 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    janusdesign said:
    Newcastle BS now offering a 1-Yr fix (until Nov 2023) @ 4.10% - £50 -> £250,000... monthly or annual interest options.
    I think you meant £500 rather than £50
    Minimum Opening Deposit: £500
    https://www.newcastle.co.uk/savings/fixed-rate-bonds/newcastle-one-year-fixed-rate-bond-issue-61
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Silverbullet036
    Silverbullet036 Posts: 101 Forumite
    Third Anniversary 10 Posts Name Dropper
    Pompeydave1967 said:
    Did I speak too soon Newcastle BS 1 year fixed @ 4.1% - who’s next ?

    This is tempting to add a rung on my ladder
  • Krakkkers
    Krakkkers Posts: 1,322 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Do we think rates will be higher in 1 year?
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