Isbank 5% 1 Year via Raisin

Millyonare

Best 1-year fixed deal for some time.

Apply via the Raisin app.

Middle_of_the_Road

Nice to see the first 5% bond, but I'm waiting for others to catch up. Not keen on Raisin, prefer dealing direct with the provider.

Millyonare

Why not keen on Raisin?

Middle_of_the_Road

Millyonare said:

Why not keen on Raisin?

All from reports on here, and had no reason to use them yet. 

Just the fact they act as a middleman, possible delays with deposits and withdrawals and not necessarily the best rates as opposed going direct.

Oh.. and the stupid name

subjecttocontract

Middle_of_the_Road said:

Millyonare said:

Why not keen on Raisin?

All from reports on here, and had no reason to use them yet. 

Just the fact they act as a middleman, possible delays with deposits and withdrawals and not necessarily the best rates as opposed going direct.

Oh.. and the stupid name

Plenty of them around......Kroo, Starling, Chip, Atom etc.

Futuristic

It appears to be 5% on all the 1-7 year fixes, personally dont see how they can manage that (the 5-7 yr offer) but good deal nonetheless. 

subjecttocontract

ISbank is Turkish. Turkey had a bad earthquake not long ago. Could it be they need to attract money & offering a headline rate would help them to lend for rebuilding ?

Thumbs_Up

Anything to do with their high inflation currently at 40% down from 80% !

Just to remind readers, Turkey rebranded themselves to Türkiye.

https://www.bbc.co.uk/news/av/world-europe-60337147

Millyonare

Isbank is FSCS-protected. Raisin takes 2 biz days to deposit the cash. If you can pop £80k in there, it’s £4,000 of free cash, for 10mins of clicking a few buttons.

P933alilli

Considering their 3-7 yr fixed rates now or whether to top up my vls60 for the next 8.75 years! Same old chestnut would c.8-10 years in vls60 beat 3-7 years fixed at 5%?

Millyonare

Maybe do a hybrid, half in Isbank 7yr, half in VLS60.

Not advice. Just discussion, etc.