We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Fixed rate bonds

Any chance of these paying 4% plus in the next few months?

Comments

  • Albermarle
    Albermarle Posts: 28,965 Forumite
    10,000 Posts Seventh Anniversary Name Dropper

    The proposed prize freeze on energy, will reduce inflation and the need for the Bof E to raise rates as aggressively. If that theory is right, then you might be waiting a while for 4% savings rates, especially 4% + ones. 

  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,550 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 6 September 2022 at 4:50PM
    We are only 0.5% away from a 1 Year Fixed Term rate of 4% atm, so maybe not have to wait too long for that imo.

    Any higher? 🤷‍♂️ Crystal ball time.
  • Krakkkers said:
    Any chance of these paying 4% plus in the next few months?
    Do you mean fixed rate savings accounts?

    Bonds are available with coupons (annual % interest) far in excess of 4% already - banks are 12+%, Gilts up to 6% etc.
  • wmb194
    wmb194 Posts: 5,292 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Krakkkers said:
    Any chance of these paying 4% plus in the next few months?
    Do you mean fixed rate savings accounts?

    Bonds are available with coupons (annual % interest) far in excess of 4% already - banks are 12+%, Gilts up to 6% etc.
    I don't see normal gilts at 6% yet. I presume you're talking about index linked?



    https://markets.ft.com/data/bonds
  • Krakkkers
    Krakkkers Posts: 1,321 Forumite
    1,000 Posts Third Anniversary Name Dropper
    No I meant fixed rate savings accounts.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.