Any Product That Would Pay Say 3% for Bals £500,000+

GSP

Looking for a product out there that would guarantee 3% p.a. for the foreseeable if anyone knows of any?
Thanks

sevenhills

Halifax two year fix for 3.6%
How far ahead are you wanting, 20 years?

wmb194

GSP said:

Looking for a product out there that would guarantee 3% p.a. for the foreseeable if anyone knows of any?
Thanks

Lots of savings bonds providers will accept deposits in the millions e.g., Tesco Bank up to £5m. Just look through Moneyfacts' savings tables.

As I type two year gilts are offering 3.2% p.a..

https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk

https://www.tescobank.com/savings/fixed/

GSP

sevenhills said:

Halifax two year fix for 3.6%
How far ahead are you wanting, 20 years?

Yes, at least!

GSP

wmb194 said:

GSP said:

Looking for a product out there that would guarantee 3% p.a. for the foreseeable if anyone knows of any?
Thanks

Lots of savings bonds providers will accept deposits in the millions e.g., Tesco Bank up to £5m. Just look through Moneyfacts' savings tables.

As I type two year gilts are offering 3.2% p.a..

https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk

https://www.tescobank.com/savings/fixed/

Thanks. Anything longer than 20 years!

Millyonare

Close Bros can do 5% for 5 years at the moment.

masonic

A few options to consider:

An annuity

https://www.hl.co.uk/shares/shares-search-results/t/treasury-3.5-22072068-gilt or similar (current running yield 3.4%)

https://www.theaic.co.uk/aic/news/press-releases/the-investment-company-dividend-heroes (not guaranteed, but very likely a portfolio including these would continue paying dividends of at least the same value going forward)
There aren't many other long term options. Most people don't want to lock in for a long period of time, and many want an income that would rise with inflation.

Daliah

Duplicate of https://forums.moneysavingexpert.com/discussion/6397797/longest-term-savings-rate?

wmb194

GSP said:

wmb194 said:

GSP said:

Looking for a product out there that would guarantee 3% p.a. for the foreseeable if anyone knows of any?
Thanks

Lots of savings bonds providers will accept deposits in the millions e.g., Tesco Bank up to £5m. Just look through Moneyfacts' savings tables.

As I type two year gilts are offering 3.2% p.a..

https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk

https://www.tescobank.com/savings/fixed/

Thanks. Anything longer than 20 years!

If you're being serious, follow my link to the gilts summary: 30yr 3.67%.

Edit: 50yr gilt c.3.2%. 

https://www.marketwatch.com/investing/bond/tmbmkgb-50y?countrycode=bx

If you're looking for a perpetual the closest these days are irredeemable preference shares e.g., Aviva's General Accident 8.875%, LSE:GACA, was yielding 7.75% when I looked earlier. These aren't nearly as low risk as the other options, though.

https://www.londonstockexchange.com/stock/GACA/general-accident-plc/company-page

masonic

Potentially a widening of the search beyond savings accounts.

Daliah

Can't believe no replies have mentioned FSCS yet