1.65% three year fix

skitskut

Although the fact that you could get 1.65 in Oct 21 makes mine even worse! 

WindfallWendy

slinger2 said:

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.

I'm a TSB mortgage person with 2 years of sub-1% for another two years 😎 Wish I'd fixed for 10 years - no idea why I didn't!!! (Correction.... I do know why....it saved me 0.5%)

But my husband did have £20k in a 1.5% account for 5 years so, swings and roundabouts.

TweetnDave

A few months before the great recession of 2007, I switched out the mortgage for a 10 year fix at 5%...    for a short while I was quids in as rates went up. My smile didn't last long though !

wiseonesomeofthetime

Meanwhile, my 5-year fix with Gatehouse at 1.50% rolls on 🤣

wiseonesomeofthetime

TweetnDave said:

A few months before the great recession of 2007, I switched out the mortgage for a 10 year fix at 5%...    for a short while I was quids in as rates went up. My smile didn't last long though !

Similar. 5.39% for 7-years. Mortgage paid off now though

smiley2085

So my 5k at 4.27% for 5yrs isn't all that bad?  

FIREDreamer

smiley2085 said:

So my 5k at 4.27% for 5yrs isn't all that bad?  

I did better in Oct 2022 (5.05% 5 yr fix) and Oct 2023 (5.61% 3 year fix). Annual interest paid out into the instant access cash hub). So getting about £2,130 interest this month from these two plus a final £330 from the 1.65% fix. That £20,000 from its maturity will remain on instant access to stick into a S&S ISA next April.

EDIT: I am aware that only £1,000 of this interest (basic rate taxpayer) is taxed at 0% with 20% due on the rest.

[Deleted User]

simonsmithsays said:

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 

Good old Chinny Ridsdale.

Hoenir

How many employees of Northern Rock held shares in their own company. At the stroke of a pen. The business nationalised. The shares being worthless. 

At least you haven't lost any money. Your capital remains intact. 

nbrewitt

We’ve all been there at some point, I bought shares in Joules about a year before they tanked based on a buy recommendation from a so called respectable source.