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Savings and Investments thread
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For this calendar year I'm at just over 4% on average of about £26k. My wife (max holding) is at 3.75%, daughter with a similar amount to me is at 22%, but she had a big £5k win in Jan 24 which increases her return considerably.hmmoore said:£100 for me, full holding. 2.55% for the year. Not great but it’s the only “gamble” I have so had the fun of some what if daydreaming too.
I'll stick with mine for now, as a higher rate tax payer with no ISA allowance left 4% is pretty good as over 7% gross. No chance of getting my wife to cash hers in as she just see's it as a fun game! But also gives her a bit more income to spend.2 -
Just took a look over the year to see the returns. Finished up at £6,575 from a full holding. So 13.15% return.However that’s heavily skewed by a single £5k win, which had I not got that I’d have been more like 3%.Still slightly better than having it in high-interest savings as I’d have had to pay 45% tax on that.However, I’m starting to think that the money could maybe be better off just being invested in my pension - or at least a big part of it.1
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Depends how much more you can get into your pension (based on salary and what you/your employer currently pay in). But clearly as a 45% tax payer every £55 you can put in immediately goes to £100. If you are in or around that £100-£125k money then potentially it's £40 cost to get £100.cafctom said:Just took a look over the year to see the returns. Finished up at £6,575 from a full holding. So 13.15% return.However that’s heavily skewed by a single £5k win, which had I not got that I’d have been more like 3%.Still slightly better than having it in high-interest savings as I’d have had to pay 45% tax on that.However, I’m starting to think that the money could maybe be better off just being invested in my pension - or at least a big part of it.0 -
My contributions at the moment are reasonable but nowhere near the £60k annual limit. Also believe you can pay over £60k if previous years had unused allocation as well.Rob7Lee said:
Depends how much more you can get into your pension (based on salary and what you/your employer currently pay in). But clearly as a 45% tax payer every £55 you can put in immediately goes to £100. If you are in or around that £100-£125k money then potentially it's £40 cost to get £100.cafctom said:Just took a look over the year to see the returns. Finished up at £6,575 from a full holding. So 13.15% return.However that’s heavily skewed by a single £5k win, which had I not got that I’d have been more like 3%.Still slightly better than having it in high-interest savings as I’d have had to pay 45% tax on that.However, I’m starting to think that the money could maybe be better off just being invested in my pension - or at least a big part of it.0 -
Correct, you can use this years £60k and then go back three years and use any unused allowance. All of course assuming your salary isn't high enough to mean the £60k begins to reduce/taper which stops at £10k once you get to £360k earnings.cafctom said:
My contributions at the moment are reasonable but nowhere near the £60k annual limit. Also believe you can pay over £60k if previous years had unused allocation as well.Rob7Lee said:
Depends how much more you can get into your pension (based on salary and what you/your employer currently pay in). But clearly as a 45% tax payer every £55 you can put in immediately goes to £100. If you are in or around that £100-£125k money then potentially it's £40 cost to get £100.cafctom said:Just took a look over the year to see the returns. Finished up at £6,575 from a full holding. So 13.15% return.However that’s heavily skewed by a single £5k win, which had I not got that I’d have been more like 3%.Still slightly better than having it in high-interest savings as I’d have had to pay 45% tax on that.However, I’m starting to think that the money could maybe be better off just being invested in my pension - or at least a big part of it.1 -
Rob7Lee said:
For this calendar year I'm at just over 4% on average of about £26k. My wife (max holding) is at 3.75%, daughter with a similar amount to me is at 22%, but she had a big £5k win in Jan 24 which increases her return considerably.hmmoore said:£100 for me, full holding. 2.55% for the year. Not great but it’s the only “gamble” I have so had the fun of some what if daydreaming too.
I'll stick with mine for now, as a higher rate tax payer with no ISA allowance left 4% is pretty good as over 7% gross. No chance of getting my wife to cash hers in as she just see's it as a fun game! But also gives her a bit more income to spend.
Yes - I'm about 4%, my wife a tad more. A tax-free 4% with zero risk is pretty good and the best I could get outside an ISA.
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So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!4 -
Good strategy.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!1 -
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
Also you then need to consider if you are using up your ISA allowances from day 1 of the tax year with prior earnings/savings, where does 25/26's savings go?3 -
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.0 - Sponsored links:
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Nice plan.
I'd say that we've already experienced the Santa rally. Most global (US dominant) funds are up 15% over the past 3 months.2 -
I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.1 -
If it's money you are leaving for years then it'll likely be OK. But the markets are at pretty much an all time high and think we may already have had the Santa bump. Just be prepared to see it drop in the early stages a bit.Huskaris said:
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.1 -
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.0 -
The markets feel like a game of Buckaroo at the moment. I'm inclined to do some substantial selling in the next couple of weeksRob7Lee said:
If it's money you are leaving for years then it'll likely be OK. But the markets are at pretty much an all time high and think we may already have had the Santa bump. Just be prepared to see it drop in the early stages a bit.Huskaris said:
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.0 -
Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.They look good - Atom are the same 4.6% for 2 and 3 years.We've got two fixed-term Bonds with Investec maturing at the end of the month and they have offered 4.51% for 1 year and 4.31% for 2 year to renew. so we may well withdraw all and look around.1 -
I know the feeling. My main pension grew by 4.1% last month, already up 2% so far in December and in the last 12 months has grown 27% and I had sold out some S&P500 or it would likely have been more! The question always is though sell and move into what! I don't see Gilts worthwhile right now. I'll probably just let it ride but may take out some of the S&P500 as I'm still pretty heavy in that.IdleHans said:
The markets feel like a game of Buckaroo at the moment. I'm inclined to do some substantial selling in the next couple of weeksRob7Lee said:
If it's money you are leaving for years then it'll likely be OK. But the markets are at pretty much an all time high and think we may already have had the Santa bump. Just be prepared to see it drop in the early stages a bit.Huskaris said:
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.2 -
Keep the FI part in cash. Might not grow much but wont fall either. Saying that High Yield Bonds are doing ok.Rob7Lee said:
I know the feeling. My main pension grew by 4.1% last month, already up 2% so far in December and in the last 12 months has grown 27% and I had sold out some S&P500 or it would likely have been more! The question always is though sell and move into what! I don't see Gilts worthwhile right now. I'll probably just let it ride but may take out some of the S&P500 as I'm still pretty heavy in that.IdleHans said:
The markets feel like a game of Buckaroo at the moment. I'm inclined to do some substantial selling in the next couple of weeksRob7Lee said:
If it's money you are leaving for years then it'll likely be OK. But the markets are at pretty much an all time high and think we may already have had the Santa bump. Just be prepared to see it drop in the early stages a bit.Huskaris said:
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.1 -
Did an exercise for this tax year and my premium bonds have returned 3.2% so far.
Happy with that as I am nowhere near maximum holding.0 -
You know what, I just checked. They'd invited me to check my "maturity options" and the one year rate they offered me was indeed 4.66%. Great stuff, punish loyal customers. I'm going to drop them a line and politely ask them WTAF?Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.0 - Sponsored links:
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Often providers do enhance your rate if you confirm reinvestment before the actual maturity date.PragueAddick said:
You know what, I just checked. They'd invited me to check my "maturity options" and the one year rate they offered me was indeed 4.66%. Great stuff, punish loyal customers. I'm going to drop them a line and politely ask them WTAF?Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.0 -
Vanguard pay 2.35%, Fidelity 3.25% so not awful as tax free of course. I currently have 6.5% of my SIPP in pure cash anyway and around 5% of my overall pension pots.golfaddick said:
Keep the FI part in cash. Might not grow much but wont fall either. Saying that High Yield Bonds are doing ok.Rob7Lee said:
I know the feeling. My main pension grew by 4.1% last month, already up 2% so far in December and in the last 12 months has grown 27% and I had sold out some S&P500 or it would likely have been more! The question always is though sell and move into what! I don't see Gilts worthwhile right now. I'll probably just let it ride but may take out some of the S&P500 as I'm still pretty heavy in that.IdleHans said:
The markets feel like a game of Buckaroo at the moment. I'm inclined to do some substantial selling in the next couple of weeksRob7Lee said:
If it's money you are leaving for years then it'll likely be OK. But the markets are at pretty much an all time high and think we may already have had the Santa bump. Just be prepared to see it drop in the early stages a bit.Huskaris said:
Yeah cheers, you were the first person I'd seen talk about "drip feeding" and it 100% makes sense, so thanks a lot for that.Rob7Lee said:
Very different investments. Whilst I can understand why you have done it, just be careful with the funds and paying in such a large sum at a single price point. Personally I'd be spreading that out over at least 6-9 months.Huskaris said:So sick of premium bonds I've taken our £65k out across 2 people.
Will invest in funds, will have a combined £6k CGT allowance between now and end of March, doubt it will be anywhere that when we cash in £40k of it to transfer into the S&S ISA in April... That would then leave £25k plus growth across 2 people (exact same portfolio so should mirror each other in terms of gains/losses) with allowance of £6k, and again, I can't see it hitting that in a full tax year, and if it does, nice problem to have!
My hope is that I might be able to ride the traditional Santa Claus bump. £32.5k will be invested Monday, £32.5k Tuesday. Hopefully early enough to get that boost (if it indeed happens).
I'm up 12.9% on my ISA portfolio (diversified funds) since I opened it in Feb 24.
I know risk etc (my degree was investment and financial risk management) I just don't think I can justify leaving in premium bonds.0 -
I did. As soon as their email offer dropped, I clicked, looked at the offer and accepted the 1 year rate. Maturity date is 3rd Jan. I’ve mailed them. I am disappointed because up to now they’ve been better than average in terms of responsiveness and transparency.valleynick66 said:
Often providers do enhance your rate if you confirm reinvestment before the actual maturity date.PragueAddick said:
You know what, I just checked. They'd invited me to check my "maturity options" and the one year rate they offered me was indeed 4.66%. Great stuff, punish loyal customers. I'm going to drop them a line and politely ask them WTAF?Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.0 -
As I say you may find they auto upgrade - other providers do on occasions.PragueAddick said:
I did. As soon as their email offer dropped, I clicked, looked at the offer and accepted the 1 year rate. Maturity date is 3rd Jan. I’ve mailed them. I am disappointed because up to now they’ve been better than average in terms of responsiveness and transparency.valleynick66 said:
Often providers do enhance your rate if you confirm reinvestment before the actual maturity date.PragueAddick said:
You know what, I just checked. They'd invited me to check my "maturity options" and the one year rate they offered me was indeed 4.66%. Great stuff, punish loyal customers. I'm going to drop them a line and politely ask them WTAF?Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.But this on their website may help you:How do I cancel my maturity instruction?
If you change your mind, send a new instruction via the Maturity Portal for the product you'd like, and we will update this on your Account.
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Still all in property currently. All in our hands regardless of the housing prices, not going to go bust if a company goes under and can realise it as an when we need. Maybe it's from coming from a poor background / upbringing that makes bricks and mortar seem more attractive than the financial markets.0
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Don’t forget to take into account Capital Gains Tax when it comes to selling your bricks and mortar.red10 said:Still all in property currently. All in our hands regardless of the housing prices, not going to go bust if a company goes under and can realise it as an when we need. Maybe it's from coming from a poor background / upbringing that makes bricks and mortar seem more attractive than the financial markets.1 -
red10 said:Still all in property currently. All in our hands regardless of the housing prices, not going to go bust if a company goes under and can realise it as an when we need. Maybe it's from coming from a poor background / upbringing that makes bricks and mortar seem more attractive than the financial markets.Pretty solid long-term investments but there are a couple of caveats. Firstly, capital gains on second and subsequent properties, and they are illiquid assets that you may not be able to realise quickly as and when you need cash. For that reason it is always advisable to hold some liquid assets.Edit: @Solidgone beat me to the first one!1
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Thanks for your comments gents. Have no problem with CGT, not much growth in value overall given the locations and time of tenure but decent monthly income so happy to leave it at that. Also, can't blat it on some ill advised extravagant purchase as its tied up to a degree.bobmunro said:red10 said:Still all in property currently. All in our hands regardless of the housing prices, not going to go bust if a company goes under and can realise it as an when we need. Maybe it's from coming from a poor background / upbringing that makes bricks and mortar seem more attractive than the financial markets.Pretty solid long-term investments but there are a couple of caveats. Firstly, capital gains on second and subsequent properties, and they are illiquid assets that you may not be able to realise quickly as and when you need cash. For that reason it is always advisable to hold some liquid assets.Edit: @Solidgone beat me to the first
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Atom are often the best rates for a period, you can always take the monthly interest as well if large sums and wanting the income.bobmunro said:Rob7Lee said:
Secure trust are currently offering 4.76% for a year? The 5 year at 4.46% doesn't look bad to be fair, 4.6% currently at Atom for 5 years is very good.PragueAddick said:I've got a one year bond with Secure Trust maturing early in the New Year. I was pleasantly surprised to be offered a new one year bond at 4.66%. It's interesting because while we all enjoyed the 5% or even 6.2% deals offered a year ago, we were all aware that for a while inflation was outpacing those rates. Now that's not the case.
As a cautious "senior" investor with only modest pension provision, this may indicate that I will have another year- 18 months of risk-free income as the other bonds mature and offer me similar deals. I thought we might quickly drop to 3.5% or below this year but I may have been pessimistic. And given the relative strength of the pound against the euro, as a European based investor it is double good news.They look good - Atom are the same 4.6% for 2 and 3 years.We've got two fixed-term Bonds with Investec maturing at the end of the month and they have offered 4.51% for 1 year and 4.31% for 2 year to renew. so we may well withdraw all and look around.
They've just issued an instant saver reward as well. 3.65% or 4.85% if no withdrawals in the month, of course not a fixed rate but not bad if you regularly don't withdraw a month.1 -
I was emailed today by Gatehouse Bank advising that my Easy Access savings account interest was rising from 4.6% to 4.75%. A surprise when others are lowering their rates…..3
