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Would you grab a 2 year bond @ 6.17%?
Options

caper7
Posts: 178 Forumite


A bond with Kent reliance is maturing.
Options are:
1 year bond @ 6.16
2 year bond @ 6.17
Easy access 5.01
Given Martin Lewis recently warned we might have reached the peak for fixed rates, and given my impression that banks did not try to beat or even match NS&I's 6.2 1 year bond for the most part, I'm quite tempted by this 2 year option.
Kent reliance were offering 1 and 2 year bonds on their website, but recently dropped the 2 year and have now removed all bonds.
Their 1 year before it was pulled about a day or two ago was 6.06%.
Perhaps they're just regrouping after the inflation rate and BOE interest rate decision and will come back with bond options.
I know none of us has a crystal ball as to interest rate direction of travel, but I'd love to know what you all think of this 2 year 6.17 option.
Would you take it?
Any thoughts much appreciated.
Options are:
1 year bond @ 6.16
2 year bond @ 6.17
Easy access 5.01
Given Martin Lewis recently warned we might have reached the peak for fixed rates, and given my impression that banks did not try to beat or even match NS&I's 6.2 1 year bond for the most part, I'm quite tempted by this 2 year option.
Kent reliance were offering 1 and 2 year bonds on their website, but recently dropped the 2 year and have now removed all bonds.
Their 1 year before it was pulled about a day or two ago was 6.06%.
Perhaps they're just regrouping after the inflation rate and BOE interest rate decision and will come back with bond options.
I know none of us has a crystal ball as to interest rate direction of travel, but I'd love to know what you all think of this 2 year 6.17 option.
Would you take it?
Any thoughts much appreciated.
0
Comments
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If 2 years suits the rest of your needs then yes, from a rate perspective I'd happily take that today.3
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I would take it if I got that option. Unfortunately my fixed saver with them doesn't mature until 19th October and suspect I will be offered a lower rate.1
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Will be interesting to see...0
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I'd snap up the 2 year in a heartbeat if you don't need the money for 2 years4
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Definitely if 2 years isn't a problem.
Very good offer.1 -
Not for me.As long as I could still easily get easy access saving paying 6%+.For two year I would rather put in into SIIP and get top up 25%. Not to mention the index is yet to reach the ATH.1
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adindas said:Not for me.As long as I could still easily get easy access saving paying 6%+.For two year I would rather put in into SIIP and get top up 25%. Not to mention the index is yet to reach the ATH.
(not including regular savers and the promotional savings accounts attached to current accounts with limited amounts you can save)0 -
caper7 said:adindas said:Not for me.As long as I could still easily get easy access saving paying 6%+.For two year I would rather put in into SIIP and get top up 25%. Not to mention the index is yet to reach the ATH.
(not including regular savers and the promotional savings accounts attached to current accounts with limited amounts you can save)
0 -
adindas said:Not for me.As long as I could still easily get easy access saving paying 6%+.For two year I would rather put in into SIIP and get top up 25%. Not to mention the index is yet to reach the ATH.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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ATH?
All Time High?1
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