One Year Fixed ISA 27 October 2022 at 11:12AM edited 27 October 2022 at 11:13AM in Savings & investments 9 replies 701 views

DoneWorking

I'm thinking of opening a one year fixed ISA with Kent Reliance at 3.85%

Should I wait for next BoE Rate Increase

Or just get on with it

I'm going to go for full £20k

Can I then transfer any amount from my other easy access ISA

Bigwheels1111

Shawbrook is 3.90%, for 1 year.

To move there is a loss of 90 days interest.

Hedge your bets, stick it in Al Rayan at 2.81% easy acces and wait a week or two before fixing.

Look here for the best rates. Updates more than once a day unlike like MSE.

Select how many years.

Untick the box, Show quick links first.

https://moneyfacts.co.uk/isa/fixed-rate-isas/

DoneWorking

Thanks

I already have the £20k in an easy access account paying good interest but taxable 

Maybe I should just wait till next rate hike then go for best deal 

I'm trying to stick with Banks I already have accounts with provided they are not very far lower than best deals

jimexbox

Im considering a fixed isa, maybe two years. I like the option, albeit with a interest penalty, of withdrawing your money if necessary. Im going to wait until early December before I make a decision. 

Albermarle

You should read through the forum as the same/similar question is being asked every day.Will interest rates rise next month? — MoneySavingExpert Forum

DoneWorking

Just noticed Coventry bringing out reasonable rates next week

Though I may hold on until december

Bobblehat

DoneWorking said:

Just noticed Coventry bringing out reasonable rates next week

Though I may hold on until december

Any details? Where did you read this?

DoneWorking

Bobblehat said:

DoneWorking said:

Just noticed Coventry bringing out reasonable rates next week

Though I may hold on until december

Any details? Where did you read this?

Heard it from a Branch 

rothers

DoneWorking said:

Bobblehat said:

DoneWorking said:

Just noticed Coventry bringing out reasonable rates next week

Though I may hold on until december

Any details? Where did you read this?

Heard it from a Branch 

Is that going to be above the 4.35% fixed rate 2-year isa?

DoneWorking

The one year fixed is 3.95%