Fix Rate Bonds - Fix Now?

Mumum

Hello - fix now at 4% for 28 months? Is it a gamble to wait until next year to see if rates go higher?
Thank you

FatherTireseus

You can get 4% on a 1 year bond at the moment.   Personally I'm not fixing for anything more than 1 year at the moment.

jimexbox

Im waiting until January for a 1 year fix. 

EthicsGradient

It's always a "gamble" to see if rates go higher. If your period is "28 months", presumably you're looking for a 2 year, ie 24 month, fix, and wondering whether to get it now and have the final 4 months in an instant access, or notice, account, or whether to do that bit now, and wait up to 4 months before getting a fix.

You can do better than 4% for 2 years right now - Nationwide, a reassuring brand, is offering 4.5%, and others about 4.6%.

News has just been that gilt yields went up again yesterday, touching the high they got to just after the negative reaction to the mini-budget. That might be a sign that rates do still have upward momentum.

Mumum

Thanks everyone, aaargh it's a trust account and I've just found out that Skiptons have changed their terms to allow only one product to be held (effectively a variable current account) by trusts. It means I'm stuck on 1.8% instead. I'm gutted. Skiptons have the monopoly as other providers are dropping their trust accounts so there is no competition (although they say it is because they have so many trust accounts that it allows the process to run more efficiently!!).

Heedtheadvice

Consider if the trust can be terminated?