The Top Fixed Interest Savings Discussion Area

refluxer

andyhicks88 said:

Allica 1yr at 4.50%. Don't know if already mentioned.

Edited:  Well can't find it on their website so guess Moneyfacts are behind the times.

Sorry!

Sometimes these price comparison sites seem to get hold of new rates and list them before they're actually available ! It's also possible that it was snapped up and withdrawn within hours, especially if it was a table-topper on offer from one of the smaller banks.

t1redmonkey

Might be some banks/building societies are withdrawing their products early because of the mini budget reversal.  Economists are saying the peak of interest rates may go down from around 6% to 5% as a result of what's been announced today.

Frequentlyhere

Came here to say similar - with gilt yields dropping back substantially, then if you were going to open a nice fixed rate soon then I'd do it today. You can always leave it unfunded if you change your mind and typically get at least 7 days to fund it (and often more).

meat_n2_reg

Just wondering thinking of opening a 1 year fixed with shawbrook but not funding anything for a week or two , got a 6 month shawbrook fix coming to an end soon 

Does anyone know if Shawbrook close account if not funded with the minimum £1000 ? and if so how long before this would happen ?

thanks 

Patr100

t1redmonkey said:

Might be some banks/building societies are withdrawing their products early because of the mini budget reversal.  Economists are saying the peak of interest rates may go down from around 6% to 5% as a result of what's been announced today.

Perhaps, the sudden heat an instability caused by the mini budget may be subsiding but for the first time the BoE is warning of more/bigger  rate raises and he would have been briefed by the new chancellor. so measures announced  today really should not  be too much of a surprise to him and his remit is inflation reduction.
Though the  next increase could already be factored in for many savings banks, some may not.
Personally, I've more than one big pot and I am planning to start fixing once we look like we get to near 5% as possible.

https://www.bbc.co.uk/news/business-63271551

Desk

Patr100 said:

Personally, I've more than one big pot and I am planning to start fixing once we look like we get to near 5% as possible.

https://www.bbc.co.uk/news/business-63271551

@Patr100 Do you mean once you get as near as possible to 5% on the base rate?  But if the projection is then for the base rate to fall back, with inflation thwarted, won't the fixes be baed on that and therefore lower than 5%.

Unless you're meaning you're planning to lock in once we reach 5% on shorter term fixed bonds? Obviously, you can currently get 5% on a five year bond.

jimexbox

Desk said:

Patr100 said:

Personally, I've more than one big pot and I am planning to start fixing once we look like we get to near 5% as possible.

https://www.bbc.co.uk/news/business-63271551

@Patr100 Do you mean once you get as near as possible to 5% on the base rate?  But if the projection is then for the base rate to fall back, with inflation thwarted, won't the fixes be baed on that and therefore lower than 5%.

Unless you're meaning you're planning to lock in once we reach 5% on shorter term fixed bonds? Obviously, you can currently get 5% on a five year bond.

I can't see base rates falling until 2024, let's remember the inflation target is 2%. 

Patr100

Desk said:

Patr100 said:

Personally, I've more than one big pot and I am planning to start fixing once we look like we get to near 5% as possible.

https://www.bbc.co.uk/news/business-63271551

@Patr100 Do you mean once you get as near as possible to 5% on the base rate?  But if the projection is then for the base rate to fall back, with inflation thwarted, won't the fixes be baed on that and therefore lower than 5%.

Unless you're meaning you're planning to lock in once we reach 5% on shorter term fixed bonds? Obviously, you can currently get 5% on a five year bond.

Not the base rate , but saving rates for min 1 year. They are currently at 4.45% and ti wont take that much in the next month or two to edge nearer 5% - they won't fall back just yet til inflation looks on the clear downward path . ie next year.
this was all before the mini budget that caused all the extra problems (and predictions of a  7% base rate) so reversal of that isn't going to affect that so much..

ranciduk

meat_n2_reg said:

Just wondering thinking of opening a 1 year fixed with shawbrook but not funding anything for a week or two , got a 6 month shawbrook fix coming to an end soon 

Can I just ask if you have been contacted by them yet about your maturity options?

my 6 month bond matures in under 3 weeks and I’ve heard nothing so far

meat_n2_reg

ranciduk said:

meat_n2_reg said:

Just wondering thinking of opening a 1 year fixed with shawbrook but not funding anything for a week or two , got a 6 month shawbrook fix coming to an end soon 

Can I just ask if you have been contacted by them yet about your maturity options?

my 6 month bond matures in under 3 weeks and I’ve heard nothing so far

Nope heard nothing which is unusual for SB from previous experience