Holding off investing in fixed terms?

SloughSally

With the rises in inflation that we are going to see in the near future, and the probable rises in interest rates that this will bring are any of you putting off putting cash in fixed term deals?

Also with the ISA allowance coming up again in a couple of weeks would you hold the trigger on them also? I would normally take what was on offer on April 6th, but not this time.

Personally, with a 12 month window for ISAs, I see no downside in holding that cash in a high paying easy access paying higher than current fixed terms in the probability rates will rise within that time frame.

GrubbyGirl_2

I have one maturing in April so my intention is to move to the best Easy Access and to put my 2026/7 allowance in as well then just sit and wait to see what happens. I agree it doesn't seem wise to fix at the moment

surreysaver

If you haven't used this year's ISA allowance yet, you can put it in an easy access ISA before the end of this tax year, then when you are ready to pull your trigger, transfer it to a fixed rate

InvesterJones

For me it depends on the rate available - I just bought some gilts (UK govt fixed income) because I was happy with the interest rate offered, but I will probably buy more if it goes even higher.

kipsterno1

I've just opened a 1 year fixed with a view to transfering funds from an easy access ISA but will use the 30 day funding window and wait to see what movement there is.

Growingold

https://forums.moneysavingexpert.com/discussion/comment/81932685#Comment_81932685

May I ask who that was with please. Haven't come across one with a 30 day funding window. Maximum I've found is 21 days. Thanks

newatc

https://forums.moneysavingexpert.com/discussion/comment/81934239#Comment_81934239

If I'm reading it right Skipton have ISAs available for a while with currently competitive rates and you can deposit funds up until 15th April

cmundo

Zopa smart saver fixed pots all have 30 day funding windows, both ISA and non-ISA

PeskyBlunder

Vanquis Bank has a 30 day funding period for their fixed rate ISA.

fuzzzzy

https://forums.moneysavingexpert.com/discussion/comment/81934239#Comment_81934239

Charter Savings Bank also have a 30 day funding window on their fixed rate ISAs.

efunc

None of the high interest variable rate ISAs seem to allow transferrs in, or pay the same rates for transfers in, so this is only a good strategy for new money.