1 YEAR FIX - AL RAYAN BANK 2.11 %

bristolleedsfan

 2.11% 1 year fix as of 22 April  https://www.alrayanbank.co.uk/savings/12-month-fixed-term-deposit

masonic

Would certainly prefer this over the Jordan International Bank / Flagstone product @ 1.9% and its oddities. Let's see who is first to break through that psychological barrier of 2%...

bristolleedsfan

Now joined by https://www.shawbrook.co.uk/direct/savings/personal-savings/fixed-rate-bonds/1-year-fixed-rate/ Minimum £1000

Uxb1

So all those who's Shawbook bonds recently matured into a new account will now be exercising their 14 day cancellation rights and sending Shawbrook a secure message to tell them to put it in the latest new offer....

refluxer

I wonder what happens if Shawbrook don't see and action the secure message in time, considering the recent delays ?

masonic

refluxer said:

I wonder what happens if Shawbrook don't see and action the secure message in time, considering the recent delays ?

Providing secure messaging is an acceptable form of communication to cancel, and they receive the secure message in time, whether they see and action it or not, then under fairness principles they should accept the instruction and backdate the opening date as appropriate.

meat_n2_reg

That's good news , my current 0.75% 1 year fix with shawbrook ends shortly , they are offering a 2% 1 year fixed for existing customers 
think I will take another 1 year fix @ 2%

Cheers Steve

bristolleedsfan

Now joined by https://pcf.bank/savings/personal/term-deposit/

masonic

Which will be the first to break cover I wonder...

meat_n2_reg

Think I will wait a bit longer till next BOE interest rate decision in May to see if rate goes up again 
A lot of sources are pricing in interest rates to hit 2% by end of year due to high inflation 
And with Chase easy access paying 1.5% think its worth waiting a while 

Bigwheels1111

I will have 2 large pots to reinvest in August and September.
I got 1.5% with atom last year and hope in September beat 2%.
I can hold one in Chase till a good rate appears.