Fixed or easy access

dazza-mac

Hi, ages since I've posted and struggling using phone to check out the forum. 
Q: I don't know what's best. Do I lock cash away for 18 months in a fixed rate bond at 4.3% Or are easy access rates likely to increase.

masonic

Fixed rates are still climbing steadily, and could continue for some time yet. Easy access rates are likely to continue to climb too. Up to this point it has been better to wait in easy access as fixed rates have been rising very quickly. They may start to slow soon, which would mark a potentially good time to fix.

Bobziz

masonic said:

Fixed rates are still climbing steadily, and could continue for some time yet. Easy access rates are likely to continue to climb too. Up to this point it has been better to wait in easy access as fixed rates have been rising very quickly. They may start to slow soon, which would mark a potentially good time to fix.

Swap rates for 3 years and beyond have started to fall. 

dazza-mac

I just put some cash in an easy access saver at 2.50%. Just how long should I wait before putting in a fixed rate bond? I can get about 4.50% if I move now and lock in for 2 or 3 years. Is it wise to hold out for 5%, but just how long should I wait?

Albermarle

The same question is asked daily, so suggest you read through the forum. Here is your starter for 10
Where do you think 1 year cash ISA rates will get to before end of this tax year?? — MoneySavingExpert Forum

Bigwheels1111

dazza-mac said:

I just put some cash in an easy access saver at 2.50%. Just how long should I wait before putting in a fixed rate bond? I can get about 4.50% if I move now and lock in for 2 or 3 years. Is it wise to hold out for 5%, but just how long should I wait?

Im waiting until December or February, with todays news rates might spike again.
3 year fixed is now 5%.
2 more rises are on the cards for this year.
I was going to fix at 5%, but it arrived 3 months sooner than I thought.
So will be holding off for a bit, but it’s a gamble.