1 year fixed savings: natwest or abbey??

student1388

apologies for my crude language, im a 'money idiot'. i hate banks and dont know what half the terms mean (i usually rely on my dad)
so ok i need fix around £10,000 for a year preferably,possibly 2 if 1 isnt posible. abbeys savings account gives me back aroun £600 at the end. natwest has a 'community bond' thing for 1 year investments, but i dont know how much i can make back from that one.

any advice appreciated

planemad

https://www.icesave.com one of the best 1 year fixed rate product on the market.

Baldur

student1388 wrote: »

i need fix around £10,000 for a year preferably,possibly 2 if 1 isnt posible.

See HERE for 2 year 'best buys' and HERE for 6 month/1year 'best buys'.

avantra

Baldur wrote: »

See HERE for 2 year 'best buys' and HERE for 6 month/1year 'best buys'.

I don't know why Moneyfacts ignore the ICIC term deposit of 7.0% for one year, they do show ICIC in other sections like the best internet savings section.

Baldur

avantra wrote: »

I don't know why Moneyfacts ignore the ICIC term deposit of 7.0% for one year, they do show ICIC in other sections like the best internet savings section.

Neither do I - hence 'best buys'. I certainly have several fixed rate accounts with ICICI.

notis7

I would go with a bigger provider than icesave and more secure....Halifax have a better rate than both on 1 year fixed....I think its 6.50% at the mo....

chesky369

ICEsave is very secure (we've been through this before adnauseam) and at present is the best at 7.01% for the one year.

cloudstrife_2

Yes Halifax currently offering Guaranteed Reserve 1 year fixed at 6.50% AER/Gross.
Min deposit £500 and cannot withdraw or deposit for the term - simple and no frills!