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More than a year ...?

bucksman
Posts: 64 Forumite

I'm a little late investing my ISA funds this year. Hoping to invest the full £20k. What are your views on fixed cash ISA longer than a year - there are some good 2 year fixes out there - who has a crystal ball and has a view on this?
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Comments
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All signs point to interest rates coming down in the coming months. If you don't need the money within the next 2 years and you don't want to put the money in a Stocks & Shares ISA then I would say that fixing for 2 years isn't a bad option right now.
Of course that's just what my crystal ball tells me. We all have crystal balls, very few of them are accurate0 -
El_Torro said:All signs point to interest rates coming down in the coming months. If you don't need the money within the next 2 years and you don't want to put the money in a Stocks & Shares ISA then I would say that fixing for 2 years isn't a bad option right now.
Of course that's just what my crystal ball tells me. We all have crystal balls, very few of them are accurate
Maybe a new crystal ball needed.....1 -
It seems to be more in the central banks' interests to indicate that rates will come down than actually doing it.1
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With the election coming I do wonder if the interest rates are now going to stay put for the time being. If the BofE adjust them it will be used as a media piece by one of the political parties. The statusquo for the time being maybe?0
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bucksman said:With the election coming I do wonder if the interest rates are now going to stay put for the time being. If the BofE adjust them it will be used as a media piece by one of the political parties. The statusquo for the time being maybe?
One central bank changing rates puts pressure via exchange rates on the others to follow.0
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