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Savings and Investments thread
Comments
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I can't see a 1year fixed rate bond paying 5%+. Usually they pay just over base rate. So I would say 3% ish.bobmunro said:
I would agree - you can get close to 3.5% now on a 1 year deal - come early next year that is likely to be 5-6%.Covered End said:I definitely wouldn't put it all in a 1 year bond next month, as rates look extremely likely to rise a fair bit higher.
https://www.thetimes.co.uk/money-mentor/article/interest-rates-rise/1 -
I'm probably a bit behind the times as I dont really follow interest rates on cash.0
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You can get close to 3.5% now with base rate at 1.75% - that of course is predicated on future rises.golfaddick said:
I can't see a 1year fixed rate bond paying 5%+. Usually they pay just over base rate. So I would say 3% ish.bobmunro said:
I would agree - you can get close to 3.5% now on a 1 year deal - come early next year that is likely to be 5-6%.Covered End said:I definitely wouldn't put it all in a 1 year bond next month, as rates look extremely likely to rise a fair bit higher.
https://www.thetimes.co.uk/money-mentor/article/interest-rates-rise/0 -
You can get 3.48% already & rates haven't even gone up tomorrow and a further 1% minimum by this time next year.golfaddick said:
I can't see a 1year fixed rate bond paying 5%+. Usually they pay just over base rate. So I would say 3% ish.bobmunro said:
I would agree - you can get close to 3.5% now on a 1 year deal - come early next year that is likely to be 5-6%.Covered End said:I definitely wouldn't put it all in a 1 year bond next month, as rates look extremely likely to rise a fair bit higher.
https://www.thetimes.co.uk/money-mentor/article/interest-rates-rise/0 -
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!1 -
My fixed rate mortgage comes to an end in December. Its not a massive mortgage - so I think I will take money out of savings, sell some equities and maybe cash in an ISA and pay it off. I think that is the best option - any opinions out there?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
Totally depends on what rate you can get on a mortgage v's savings/investments and their tax position.CafcWest said:
My fixed rate mortgage comes to an end in December. Its not a massive mortgage - so I think I will take money out of savings, sell some equities and maybe cash in an ISA and pay it off. I think that is the best option - any opinions out there?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?golfaddick said:
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
Yes, looks that way.kentaddick said:
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?golfaddick said:
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
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Are you suggesting a house price crash?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
plzredman said:
Are you suggesting a house price crash?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
Recession, rising interest rates and repossessions would historically tend to lead to a house price fall (crash may be too strong a word).redman said:
Are you suggesting a house price crash?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
However, there is such a huge problem with housing stock availability that it may buck the trend this time around. I anticipate flat property prices over the next couple of years rather than any significant reset.0 -
View is before 5 years. Maybe within 3.kentaddick said:
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?golfaddick said:
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
I've heard it said that Liz Truss could be freezing / suspending Stamp Duty again. I dont think they will but who knows with this new Government.redman said:
Are you suggesting a house price crash?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
Depends on definition of crash. I believe actual sale prices will reduce over the coming 2-3 years (unless the government make significant changes). I don't think it will be huge, but there are already signs of sales struggling. On rightmove in and around my area just about every other house is showing as 'reduced' but may be currently they were pushing for unrealistic prices.redman said:
Are you suggesting a house price crash?Rob7Lee said:I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!0 -
0.5% increase on the base rate. Let's see what happens to savings interest (probably very little).0
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After todays announcement Saga have just increased mine from 1.4% to 1.55%. So only passing on 0.15% of the 0.5% rise. I had already started withdrawing my money from them and moving to Gateway Bank which was offering 2% before todays rise.Rob7Lee said:0.5% increase on the base rate. Let's see what happens to savings interest (probably very little).0 -
Don't forget that account has a bonus of .25% to add to the 1.55% so you should be getting 1.8% on it.RaplhMilne said:
After todays announcement Saga have just increased mine from 1.4% to 1.55%. So only passing on 0.15% of the 0.5% rise. I had already started withdrawing my money from them and moving to Gateway Bank which was offering 2% before todays rise.Rob7Lee said:0.5% increase on the base rate. Let's see what happens to savings interest (probably very little).
But agree there are other better options out there.0 -
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Chase at 1.5% now looking poor. Wonder if they will increase it?1
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I emailed them. They said that their rates are not linked to the BOE rate. Didn't suggest they would be revising - but who knows.HardyAddick said:Chase at 1.5% now looking poor. Wonder if they will increase it?1 -
They will be losing a huge chunk of their deposits if they don't.CafcWest said:
I emailed them. They said that their rates are not linked to the BOE rate. Didn't suggest they would be revising - but who knows.HardyAddick said:Chase at 1.5% now looking poor. Wonder if they will increase it?4 -
Mini budget interesting.
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.0 -
Markets don't like it. FTSE100 down 1.75% to 7035. Might be time to put up our considered thinking guesses for the end of the year. I think I had around 7050Rob7Lee said:Mini budget interesting.
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.
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Yes as at now you are top of the league! But a long way to gogolfaddick said:
Markets don't like it. FTSE100 down 1.75% to 7035. Might be time to put up our considered thinking guesses for the end of the year. I think I had around 7050Rob7Lee said:Mini budget interesting.
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.FTSE100 Level 7,033.00 Position Name Level Variance % Variance golfaddick 7050 17 0.24% WishIdStayedInThe Pub 7000 33 0.47% Gary Poole 7074 41 0.58% meldrew66 6977 56 0.80% IdleHans 6950 83 1.18% thecat 7124 91 1.29% Pedro45 7133 100 1.42% PragueAddick 7140 107 1.52% Fortune 82nd Minute 7159 126 1.79% Thread Killer 7166 133 1.89% cafc7-6htfc 7202 169 2.40% Rob7Lee 7234 201 2.86% HardyAddick 7250 217 3.09% wwaddick 7250 217 3.09% fat man on a moped 7252 219 3.11% Hoof_it_up_to_benty 7265 232 3.30% oohaahmortimer 6789 244 3.47% CAFCWest 7299 266 3.78% cafcpolo 7303 270 3.84% KentAddick 6750 283 4.02% Daarrrzzettbum 7323 290 4.12% Jamescafc 7325 292 4.15% Morboe 7337 304 4.32% LargeAddick 7347 314 4.46% CharltonKerry 7375 342 4.86% bobmunro 7398 365 5.19% Covered End 7412 379 5.39% Bangkokaddick 7415 382 5.43% blackpool72 7450 417 5.93% TheGhostofTomHovi 7476 443 6.30% RalphMilne 7496 463 6.58% Lonelynorthernaddick 7500 467 6.64% holyjo 7543 510 7.25% CAFC, we hate palace 7550 517 7.35% StrikerFirmani 7550 517 7.35% Er_Be_Ab_Pl_Wo_Wo_Ch 6500 533 7.58% No.1 in South London 6475 558 7.93% Addick Addict 7652 619 8.80% guinnessaddick 7654 621 8.83% @TelMc32 7777 744 10.58% valleynick66 7899 866 12.31% MrOneLung 7955 922 13.11% 0 -
Markets truly spooked by the mini budget 😬0
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yep, FTSE100 falling through the floor. Currently holding at 7000 points although did fall through that a few minutes ago. Down 2.25%.kentaddick said:Markets truly spooked by the mini budget 😬1 -
buy buy buy!golfaddick said:
yep, FTSE100 falling through the floor. Currently holding at 7000 points although did fall through that a few minutes ago. Down 2.25%.kentaddick said:Markets truly spooked by the mini budget 😬0 -
maybe next week. Wouldn't want to go knife catching.Rob7Lee said:
buy buy buy!golfaddick said:
yep, FTSE100 falling through the floor. Currently holding at 7000 points although did fall through that a few minutes ago. Down 2.25%.kentaddick said:Markets truly spooked by the mini budget 😬1
