The Top Fixed Interest Savings Discussion Area

Ozzig

Ford message today ...

As a valued customer we wanted to let you know about our upcoming rate increases:

• On Tuesday 18th October we will be increasing the rates on our Fixed Saver 1, 2 and 5 year products to 4.3%, 4.5% and 4.55% respectively.
• On Wednesday 19th October our Flexible Saver rate will then be increasing to 2.5%. This rate will initially be exclusive to existing customers, so you won’t see Flexible Saver on sale to new customers from this date.
• In addition, we will be increasing our Flexible Cash ISA to 1.90% on that day for both new and existing customers.

TomDolan

Expotter said:

TomDolan said:

I opened the 4.75% fixed 1 yr with Dudley Bldg Soc but only sent a 1000 min deposit, thinking I will be able to fund further deposits. I was wrong !

Later in the day, I tried logging in several times but it came back with error '2FA security failed, contact us...", Rang them and they said keep trying.

Tried this morning and same error

Anyone has this issue ?

Will ring them today and request my 1k deposit back, not sure if the t&c allows it.

I had the same issue with the 2 Factor Authentication Error; earlier today still not working, but now it has corrected itself. Spoke to CS and they said it has been an issue. Regarding the deposit, they said it has to be one payment, but after mentioning the bank transfer limit they said they would accept a 2nd payment on the following day. 
I don't think there is a cooling off period, on their T&C it says:
Please note: This right of cancellation does not apply to (i) fixed Interest rate Accounts (other than to a Fixed Rate Cash ISA)

managed to login now, finally, this morning they said they would return the deposit of 1k back to me and I can then send another payment. I will wait for my deposit to come back and then will decide.

intalex

hallmark said:

Coventry have withdrawn all their Fixed-rate ISAs.  Going by their usual pattern they'll release a new bunch this week. They're usually pretty competetive.

If you had already opened but not yet funded Coventry's fixed rate (non-ISA) bonds, I've been informed by their live chat team that the window to deposit is until 11th November, i.e. not the usual 14 calendar days. That should cover the next BoE announcement, aftermath, and some more, before needing to make a decision...

vickyholly

Bigwheels1111 said:

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

Just took most of my cash out of there easy access to fund Santandar 2.75% easy access.

The are very good, But if you can I would hold off fixing until late December and 2 more rate rises.

I was going to jump in at 5%, but expected that to be around December, but rates have gone up so soon I think I will hold out until february and 3 rises.

I would use, Atom,Gatehouse,Al Ryan,Ford money & Tandem Bank.

I have accounts with them all.

I keep reading conflicting info on when to fix, some people say wait some people say go now or youll miss out, im no expert at all just trying to the right thing, wish i had a crystal ball. Thanks for your advice

Millyonare

vickyholly said:

Bigwheels1111 said:

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

Just took most of my cash out of there easy access to fund Santandar 2.75% easy access.

The are very good, But if you can I would hold off fixing until late December and 2 more rate rises.

I was going to jump in at 5%, but expected that to be around December, but rates have gone up so soon I think I will hold out until february and 3 rises.

I would use, Atom,Gatehouse,Al Ryan,Ford money & Tandem Bank.

I have accounts with them all.

I keep reading conflicting info on when to fix, some people say wait some people say go now or youll miss out, im no expert at all just trying to the right thing, wish i had a crystal ball. Thanks for your advice

Short-term rates, such as easy access, will almost certainly go higher, due to imminent BoE hikes. Wouldn’t be a surprise to see the highest easy-access rates hit 3-5% by Xmas 2022.

Long-term rates, such as 5-year fixed, are much more uncertain, due to swap rates between banks potentially appearing to have peaked this month. Whether we see 6-7% for a multiyear fix by spring 2023 remains to be seen. Hope we do, but it's very hard to gauge (right now).

Dyor, etc.

t1redmonkey

vickyholly said:

Bigwheels1111 said:

vickyholly said:

Does any one have an opinion on Gateshouse bank? ive never heard of them before, but after reading about them , i like what they stand for. Im thinking about opening a 5 year fix with them and having monthly interest for income

Just took most of my cash out of there easy access to fund Santandar 2.75% easy access.

The are very good, But if you can I would hold off fixing until late December and 2 more rate rises.

I was going to jump in at 5%, but expected that to be around December, but rates have gone up so soon I think I will hold out until february and 3 rises.

I would use, Atom,Gatehouse,Al Ryan,Ford money & Tandem Bank.

I have accounts with them all.

I keep reading conflicting info on when to fix, some people say wait some people say go now or youll miss out, im no expert at all just trying to the right thing, wish i had a crystal ball. Thanks for your advice

This is why if you want to fix, it's worth taking a few minutes to open one every so often since you usually get a few weeks before you need to make a decision on actually depositing money or not (during which time you can watch the market and see if any come along with a better rate).

art123_2

Tesco 2 year fix now showing as 5% on mse, but still showing 4.77% on Tesco website

refluxer

art123_2 said:

Tesco 2 year fix now showing as 5% on mse, but still showing 4.77% on Tesco website

Whereabouts ? It's 4.77% here (and on other comparison sites)...

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#2yrfixtable

art123_2

In the savings guide under the "top fixed savings" heading

TomDolan

art123_2 said:

In the savings guide under the "top fixed savings" heading

yeah its true ! main table is not updated, maybe typo ?