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What percentage of your savings should you put in a fixed rate account?

jcarmel

jcarmel Posts: 12 Forumite

Fifth Anniversary

First Post

9 October 2022 at 1:45PM in Mortgages & endowments

Hello. I have just been looking at 6 month fixes and wondered what percentage of my savings I should commit to a fixed account (seeing as I won't be able to access the money until the account matures). Is 20% too high? Assuming the rest stays in an easy access account.
Thanks in advance for any advice.

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Comments

JGB1955 Posts: 3,685 Forumite

9 October 2022 at 1:58PM

Why not split it equally between a 6 month fixed account and a series of 30/60/90/120 day notice accounts?

#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
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dimbo61 Posts: 13,727 Forumite

9 October 2022 at 2:16PM

As this is a mortgage board I take it your saving for a mortgage ?
Lisa ISA ??

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