The Top Fixed Interest Savings Discussion Area

refluxer

Patr100 said:

I've got an Aldermore fixed rate (0.85%) due to expire June 1st - they have their Double Access (1.25% variable ) but the Shawbrook 6 month 2% is a better deal  so I've just opened the Shawbrook very quickly as already a customer.

Just be aware that if they withdraw the current issue (issue 2) any time between now and 7 days before you get access to your 0.85% fixed rate funds, then you won't be able to pay those into it.

Patr100

refluxer said:

Patr100 said:

I've got an Aldermore fixed rate (0.85%) due to expire June 1st - they have their Double Access (1.25% variable ) but the Shawbrook 6 month 2% is a better deal  so I've just opened the Shawbrook very quickly as already a customer.

Just be aware that if they withdraw the current issue (issue 2) any time between now and 7 days before you get access to your 0.85% fixed rate funds, then you won't be able to pay those into it.

Don't need to wait for the 0.85% , I've got other funds to open the account with - min £1000 -
So that can get it started , then have an Atom fixed maturing as well on this coming  Thursday so that might top it up first to the 85k limit.

soulsaver

I've grabbed it, but I'm not maxing it. I suspect at the speed at which rates are rising it may not be long before accessible rates will have eroded the 0.5% premium to tie up funds for 6 months. 

soulsaver

Al Rayan 1 year fix: 2.20%  £5k min Sharia compliant 12 month/ 1 year fixed term deposit | Al Rayan Bank

MACKEM99

Put ANY company into trustpilot and you get gripes.
Personally I can`t fault Shawbrook.

Just tried to call them again 18th in queue - gave up after 45 mins.

2010

MACKEM99 said:

Put ANY company into trustpilot and you get gripes.
Personally I can`t fault Shawbrook.

Just tried to call them again 18th in queue - gave up after 45 mins.

It`s that urgent you needed to talk to them that you gave up.

 Send them a secure message then.

SAC2334

I see on moneysaving expert fixed savings that a new one has cropped up now called Hodge Bank offering 2.2% on a 1 year fix ( 2.18 % monthly interest ) Has anyone got any advice about this bank .
I ve got too much in Chase Bank now and getting a bit jittery so the sensible thing is to open a 1 year fixed . 

janusdesign

SAC2334 said:

I see on moneysaving expert fixed savings that a new one has cropped up now called Hodge Bank offering 2.2% on a 1 year fix ( 2.18 % monthly interest ) Has anyone got any advice about this bank .
I ve got too much in Chase Bank now and getting a bit jittery so the sensible thing is to open a 1 year fixed . 

I opened a 1-yr fixed with them last August with full £85k - they were one of the few banks that accepted cheques at that time (don't know if they still do).... never had any problems with them - in fact, the last time I sent them an email, they replied in 3 hours... they don't use a secure messaging system, so contacting them is either by email or freephone number (never had reason to call them though).

could the 6-month Shawbrook fixed rate account @ 2% be another option if you don't want to tie up for a whole year... especially as there are likely to be more rate rises in the future ?

CheekyMikey

SAC2334 said:

I see on moneysaving expert fixed savings that a new one has cropped up now called Hodge Bank offering 2.2% on a 1 year fix ( 2.18 % monthly interest ) Has anyone got any advice about this bank .
I ve got too much in Chase Bank now and getting a bit jittery so the sensible thing is to open a 1 year fixed . 

You’re getting jittery about one of the biggest banks in the world but are considering a bank I’ve never heard of until recently?

Malchester

SAC2334 said:

I see on moneysaving expert fixed savings that a new one has cropped up now called Hodge Bank offering 2.2% on a 1 year fix ( 2.18 % monthly interest ) Has anyone got any advice about this bank .
I ve got too much in Chase Bank now and getting a bit jittery so the sensible thing is to open a 1 year fixed . 

I have looked at Hodge Bank in the past but never used them. However, on Monday I opened a 1 yr fixed rate account with them and funded it with transfers from my current account in several lots. I was really surprised that the funds were showing  in the Hodge Account instantly (3 lots of £30k plus a bit more). Their website is good. Between opening my account and sending funds the interest rate increased from 2.08% to 2.2% (not a lot I know) but they increased the rate on my account automatically. So far so good and would, so far recommend them.