9 month fixed rate

carlbhoy

I’m looking to open a 9 month fixed rate, so it will pay the interest in this tax year, my question is does the year start from the day you invest the money or does it take a few days to start, if that is the case, then it will have to be a 6 month bond?

aroominyork

Maybe depends where you do it - some are faster than others - but Raisin have nine month rates and I have found them fast enough for your timeframe to 5 April.

ranciduk

Shawbrook 

9 Month Fixed Rate BondIssue 7

AER

4.92%Fixed

Gross

4.92% Annually

4.81% Monthly

Min Balance

£1,000

badger09

carlbhoy said:

I’m looking to open a 9 month fixed rate, so it will pay the interest in this tax year, my question is does the year start from the day you invest the money or does it take a few days to start, if that is the case, then it will have to be a 6 month bond?

You could achieve a similar tax outcome by opting for a longer fix @ a higher rate, but opting for monthly interest to be paid away.  Obviously, you’d need to do the maths. 

Growingold

OakNorth 9month bond 5.01% AER save from £1  Interest paid at maturity

refluxer

Atom's 9 month fixed rate saver has increased to 5.25%

https://www.atombank.co.uk/fixed-saver/

Section62

carlbhoy said:

I’m looking to open a 9 month fixed rate, so it will pay the interest in this tax year, my question is does the year start from the day you invest the money or does it take a few days to start, if that is the case, then it will have to be a 6 month bond?

I've also been following 9 month fixed rates for a similar reason... my conclusion has been the margin between the rates for 6m and 9m wasn't high enough to risk 1) the funds not being available to me by 05/04/2024 and 2) fairly soon finding the 6m interest rate exceeding whatever 9m rate I took out.

So I've gambled on waiting a few more weeks and finding a 6m fix.  The risk is at the end of the 6 months I will be moving onto a lower rate than what I would if I'd gone with a 9m fix, but from the direction of travel at the moment I'd be surprised if I couldn't find an easy access or RS account at the time to park some money in at ~5% for the time remaining to 05/04/2024.