Cynergy 2.57% 1 Year Fixed. Worth going for or holding on?

Cammie50

Thinking about transferring to Cynergy 1 Year Fixed at current rate of 2.57%. Any thoughts on whether it would be best to wait before committing should rates increase…or to go for it while it’s on offer? 

jaypers

Atom pay 2.6%

A lot of fixed deals recently went up which I suspect was in anticipation of the interest rate rise.

garyelder

Hold on, you will be able to get nearer 3% soon atom do monthly interest as well

Cammie50

garyelder said:

Hold on, you will be able to get nearer 3% soon atom do monthly interest as well

Good advice. Thanks. I’ll hold on. 

Bigwheels1111

Max time to fix at the moment is 1 year. I aim to fix for 6 months at 2% or use my chase 1.5%.

CheekyMikey

If 2 months ago you’d have been happy with 2.6%, fix some now and keep some back for a better rate…otherwise you’ll be forever waiting for a better rate and find you’re still sitting with all your money in a 1.5% easy access

Cammie50

CheekyMikey said:

If 2 months ago you’d have been happy with 2.6%, fix some now and keep some back for a better rate…otherwise you’ll be forever waiting for a better rate and find you’re still sitting with all your money in a 1.5% easy access

Very true. That’s exactly the situation, although I did fix a good amount in the 6 month Shawbrook 2% a few weeks ago. 

wiseonesomeofthetime

CheekyMikey said:

If 2 months ago you’d have been happy with 2.6%, fix some now and keep some back for a better rate…otherwise you’ll be forever waiting for a better rate and find you’re still sitting with all your money in a 1.5% easy access

I shall be going through this in three months time when my Fixed Nationwide ISA, remember the one for 18m at a whopping 0.75%, matures. What to do with the funds? I'll see where the land lies closer to the date.