1.65% three year fix

FIREDreamer

Not long now until my second stupidest account decision matures (worst was a 1.45% three year fixed that matured last October) …

dgpur

If it helps you to feel less stupid, I took out a five year (three years ago) at 1.34%. Though only for £5000. It seemed like a very good idea at the time!

vacheron

What was the penalty for withdrawls or was closing absolutely forbidden?

I remember that MSE had a caluclator to see if you would earn more by switching out regardless of the penalty. That calculator allowed me to switch out of a couple of fixed rate ISA's with a clear concience.

vacheron

Found it.

It is for ISAs, but the maths still stands.

https://www.moneysavingexpert.com/savings/isa-switch-calc/

FIREDreamer

vacheron said:

What was the penalty for withdrawls or was closing absolutely forbidden?

I remember that MSE had a caluclator to see if you would earn more by switching out regardless of the penalty. That calculator allowed me to switch out of a couple of fixed rate ISA's with a clear concience.

No withdrawals allowed sadly. It was via Hargreaves Lansdown Active Savings.

Kim_13

It doesn't say ISA so must have been absolutely forbidden - it must be possible to count on one hand any non-ISA fixes that allow withdrawals. 

I generally use ISAs for fixes even if I wouldn't pay tax on the interest for this reason.

Middle_of_the_Road

Kim_13 said:

It doesn't say ISA so must have been absolutely forbidden - it must be possible to count on one hand any non-ISA fixes that allow withdrawals. 

I generally use ISAs for fixes even if I wouldn't pay tax on the interest for this reason.

Probably not many, although Lloyds Bank group do allow early closure with a penalty.

simonsmithsays

Credit to you for your honesty.

In a sea of 'look at me' it's a refreshing change.

👏 

PS mine was Leeds Utd shares.  Bought only days before they went into administration 

slinger2

My mum kept an old British Leyland share certificate to remind her of her folly. I think mine was buying some Carnival Cruise shares just before Covid struck.

On the other side, there are still folk with 5 year mortgages at sub-2%, partly funded by such savings accounts.

Bigwheels1111

I do not remember who but my ISA was fixed at 0.5% a few year back

skitskut

Cheers for sharing.   My stupid was Close Brothers too!! 20k at 0.9% for 3 years that only matured last March! All right for the first year but every day after so painful! 😭 I feel your pain !!