Looking for best 1 year fixed rate bond/ gilt

itsme999

Hi

I'm Looking for best bank or treasury gilts 1 year. So far the best I have seem is Habib Zurich at 4.91% one year fixed. Any better?

Thanks

Bigwheels1111

GB Bank 4.92%

InvesterJones

What's your criteria for best? Best in terms of credit rating are govt bonds from Australia, Denmark, Germany, Luxembourg, Netherlands, Norway, Singapore, Sweden and Switzerland.

itsme999

https://forums.moneysavingexpert.com/discussion/comment/82085171#Comment_82085171

I already have a/c with GB within FSCS limit.

itsme999

https://forums.moneysavingexpert.com/discussion/comment/82085179#Comment_82085179

Highest rate in UK.

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/82085200#Comment_82085200

And do you pay any tax on interest?

itsme999

https://forums.moneysavingexpert.com/discussion/comment/82085204#Comment_82085204

Of course.

wmb194

https://forums.moneysavingexpert.com/discussion/6677967/looking-for-best-1-year-fixed-rate-bond-gilt

https://moneyfactscompare.co.uk/savings-accounts/1-year-fixed-rate-bonds/?sort-filter=standard-order

https://giltsyield.com/bond/

InvesterJones

https://forums.moneysavingexpert.com/discussion/comment/82085205#Comment_82085205

So your best return after tax is probably a gilt like TG27.

itsme999

Can someone pls explain how this gilt works: Treasury 6% 07/12/2028 TR28 Gilt?

Buy at £104

Coupon 6%

Yield to maturity 4.31%

Maturity 7 Dec 2028 .

Is the buy price of £104 above £100 gilt maturity value?

It pays 6%, ie 3% every 6 months, pls correct me if wrong.

I don't understand the yield to maturity 4.31%?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82085231#Comment_82085231

You would get a capital loss of £4 per unit, and taxable interest making the gross return 4.31%pa. After tax that wouldn't be very competitive. Best to opt for a low coupon and buy price less than £100, so some of your return is a tax-exempt capital gain.