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Would you grab a 2 year bond @ 6.17%?

Options
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. 
«134

Comments

  • If 2 years suits the rest of your needs then yes, from a rate perspective I'd happily take that today.
  • 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.
  • caper7
    caper7 Posts: 178 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Will be interesting to see... 
  • Swipe
    Swipe Posts: 5,610 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I'd snap up the 2 year in a heartbeat if you don't need the money for 2 years
  • Definitely if 2 years isn't a problem.
    Very good offer.
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 23 September 2023 at 2:43PM
    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.

  • caper7
    caper7 Posts: 178 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    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.

    You can get easy access at 6%? I thought 5.2 with Santander was the best (no longer available) ?
    (not including regular savers and the promotional savings accounts attached to current accounts with limited amounts you can save) 
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 23 September 2023 at 8:11PM
    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.

    You can get easy access at 6%? I thought 5.2 with Santander was the best (no longer available) ?
    (not including regular savers and the promotional savings accounts attached to current accounts with limited amounts you can save) 
    Regular saver is a new norm, for easy access. If you could transfer it anytime you want to it is an easy access is not it ??
  • Brie
    Brie Posts: 14,657 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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.

    What's the ATH?
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