Interest Rates to fix or not to.

sparky.shark

I've done a search but can't seem to find anything. Can some please send me a link to these threads or the search pattern used. Its bound to have been discussed/mentioned.

If not, just want to know if I should go for a 1 year fixed rate ISA or 2 year with NW. Or split it as 1 year & 2.

Currently
6k with barclays
6k with abbey

Cheers.

emc

sparky.shark wrote: »

want to know if I should go for a 1 year fixed rate ISA or 2 year with NW. .

You need to decide depending on your view of how interest rates may change in the next year or so.

1 year fixes are currently 6.25 ish at the Bradford & Bingley and Skipton. The 2 year fix at Nationwide is fairly similar at 6.15% and would be better if you think interest rates will drop in the next year.

If you can commit your money for 4 years, and think interest rates will drop and remain low for that period, consider the Halifax 4 year fix at 6.20%.