The Top Fixed Interest Savings Discussion Area

MrPG

Long time lurker, I've taken the bait at this offer from NBS and placed first 5k.
Could be a while yet before 5% is offered but 4.5 is probably not far away.

Consumerist

Krakkkers said:

Do we think rates will be higher in 1 year?

I get the impression that the premium for longer fixes is narrowing which suggests the institutions are factoring in lower rates beyond a year. But what do they know? Or me, for that matter.

Krakkkers

So why take a one year fix?

Consumerist

Krakkkers said:

So why take a one year fix?

Presumably because they are paying more right now than easy access.

Krakkkers

I meant if  you think rates will be lower in 1 year then why not take a longer fix?

Consumerist

Krakkkers said:

I meant if  you think rates will be lower in 1 year then why not take a longer fix?

The theory is that if rates are likely to decline in the short term then fix now for a long period.

Thumbs_Up

Pompeydave1967 said:

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

I’m sure you know by now, Newcastle BS 4.10%

Pompeydave1967

Yes aware a couple of hours ago , no doubt will be beaten soon.

mebu60

MrPG said:

Long time lurker, I've taken the bait at this offer from NBS and placed first 5k.
Could be a while yet before 5% is offered but 4.5 is probably not far away.

Welcome :-)

And well done on taking action. I was happy with 3.26% three weeks ago for September's lump.

Hopefully be even happier next month if/when that tranche gets 4.5%. 

Pompeydave1967

I’ve also opened one , sent a small deposit initially but hasn’t cleared yet.