Best Fixed Rate Isa

Stavros_3

The time for deciding is getting near, I have absolutely no interest whatsoever in variable rate ISA's or monthly interest. I require the best fixed rate ISA that allows transfers in, as far as I can research Nationwide at 6.15% is about the best, am I right?

Stavros_3

bump, any idea's please guys

salty_seadog

Thats the one i'm for old bean.....Two years fixed at over 6% is absolutely perfect for me.
The way I see it is that interest rates are set to slowly come down over 2008 and if they do rise again rates never change at breakneck speed and i expect it to be just about 2 years until the rates might possibly be back to this level.

If this is what happens to the interest rates then a good 2 year fix is perfect.

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salty_seadog

also if you can lock any more cash away that is not in your isa then get that in a good 2 year fixed rate bond. I've just opened one with skipton fixed at 6.5% for 18 months.

codetown

Lloyds is offering a 1 year fixed ISA at 6.5% and that is also very attractive.

salty_seadog

the thing with the lloyds and a few other ISAs with a better rate is that they are only fixed for 1 year and the outlook at the moment is that in a years time we will have lower interest rates than today so locking in for longer(but not to long, I think 2 years is perfect) albeit at a slightly lower rate your return will be greater.