Crystal ball - Should i fix or leave in Easy Access?

jungleboy123

Crystal ball time. I think given inflation has dropped rates may go down. ISA peak rates are already down and the easy access options i can see has dropped.

There arent many high easy access accounts allowing transfers in, therefore i'm just wondering if its easier to stick with my current ISA - Shawbrook and suck up the low rate or whether i should transfer up?

Or even if i should just go for a fix as Shawbrook are currently the highest 1 year fixers?

Thanks.

gravel_2

It really depends what you want from your money. If you don't need it then locking up seems to make sense right now. Consensus seems to be rates have peaked and EA ISA rates will drop with the BOE rate.

If you need (or want) access then fixing makes no sense.

masonic

Fixed term savings rates have been set based on overly optimistic views of inflation and the economy. Expectation was that there would have been a couple of rate cuts by now. So I would lean towards the best easy access rate until such time as base rate drops below fixed rates. The anticipated base rate cuts are already priced in to fixed rates.

Albermarle

There arent many high easy access accounts allowing transfers in, 

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

jungleboy123

Albermarle said:

There arent many high easy access accounts allowing transfers in, 

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

No transfers in... that really sucks.

eskbanker

jungleboy123 said:

Albermarle said:

There arent many high easy access accounts allowing transfers in, 

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

No transfers in... that really sucks.

???

The bolded wording was actually an unattributed quote of yours, so the post was actually highlighting that (from a small sample of leading accounts) most do allow transfers in, so no point in focusing on those that don't!

jungleboy123

eskbanker said:

jungleboy123 said:

Albermarle said:

There arent many high easy access accounts allowing transfers in, 

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

No transfers in... that really sucks.

???

The bolded wording was actually an unattributed quote of yours, so the post was actually highlighting that (from a small sample of leading accounts) most do allow transfers in, so no point in focusing on those that don't!

I still haven't figured out how to quote properly on MSE Forums, my bad

eskbanker

jungleboy123 said:

eskbanker said:

jungleboy123 said:

Albermarle said:

There arent many high easy access accounts allowing transfers in, 

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

No transfers in... that really sucks.

???

The bolded wording was actually an unattributed quote of yours, so the post was actually highlighting that (from a small sample of leading accounts) most do allow transfers in, so no point in focusing on those that don't!

I still haven't figured out how to quote properly on MSE Forums, my bad

To be fair, it was the post you were replying to that hadn't used quoting properly, so it wasn't made clear that it was playing back your wording before responding to it.

Albermarle

jungleboy123 said:

Crystal ball time. I think given inflation has dropped rates may go down. ISA peak rates are already down and the easy access options i can see has dropped.

There arent many high easy access accounts allowing transfers in, therefore i'm just wondering if its easier to stick with my current ISA - Shawbrook and suck up the low rate or whether i should transfer up?

Or even if i should just go for a fix as Shawbrook are currently the highest 1 year fixers?

Thanks.

Of the Top 5 easy access ISA's in this list, only one does not allow transfers in. 

Best Easy Access Cash ISA Rates | Up To 5.17% (moneyfactscompare.co.uk)

Hopefully this is less confusing than my previous attempt