6% fixed savings

CaptainWales

...do you think we will be seeing this anytime soon? 

masonic

Maybe. What's the significance of 6%?

retiringtoosoon

masonic said:

Maybe. What's the significance of 6%?

It’s smaller than 7%

TimSynths

retiringtoosoon said:

masonic said:

Maybe. What's the significance of 6%?

It’s smaller than 7%

But better than 5%....

MisterMotivated

TimSynths said:

retiringtoosoon said:

masonic said:

Maybe. What's the significance of 6%?

It’s smaller than 7%

But better than 5%....

And only marginally worse than 6.1%

zagfles

You can get a 6.1% gross 3-year fix via HL active savings (with Investec) however the AER is only 5.76% so not sure that counts...

CaptainWales

No significance to 6% other than thats the next round figure up.

Over62

Wait while I polish my crystal ball 🔮

VNX

IMHO yes we will see 6pc on 1 and 2 year fixes 

I know it seems a world away to where we are now but inflation will come down and if it falls quickly savings rates will grind to a halt with good rates being removed quickly so if you want to wait just keep opening accounts with good funding windows 

also it’s the same old game wait but you lose out in the short term as you wait 

personally I am in the market for a two and five year fix I’ll give it a week or so and probably fix for a few reasons, Rates can’t go up forever, I’m losing while I wait and as much as I enjoy chasing the best rates I would also like to fix and be done with it.

we are at 5.81 on two year and 5.6 on five years currently if they tick up great but if I fix at these I can’t complain 

CaptainWales

Im going to give it a week or so before taking the plunge 

PeskyBlunder

There was an article in the Guardian (Money section) the other day that claimed: "If a consumer locks their money away for 12 months, they can get rates as high as 7% at some big banks." Not that I'm aware of...