1. Son is saving to buy house, currently has £17k saved/and has a separate Help to Buy ISA, thinking about transferring the £17k to a fixed rate bond. Good or bad idea. If bad, what would be better? 2. £8k 'funeral' account, no more being paid into it. Do I just go with the highest interest rate account I can find?
There are clearly a lot of knowledgeable people on here and was just after some guidance.
Any advice appreciated.
Take stock after next weeks budget? Some suggestion the help to buy ISA restrictions may be tweaked.
That’s a spoiler alert…and means I haven’t won the biggie.
....unless you are from Bromley, like me, and have a missed call this morning from an unknown number and note that a Bromley resident won a big prize this month...................................
These are pretty competitive rates for 1, 2 and 3 year fixes, Richard. Highly respected financial institution as well - they have chunks of my cash on fixes.
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1 x 100.
Every little helps.
I enjoy seeing the posts....but... it doesn't make any meaningful sense without knowing the context of how much is held.... right?
This is the key to crypto. Take profit and not get greedy.
As it happens a one year fixed interest bond with them has just matured. I'm taking the cash elsewhere. That'll learn 'em
While you're figuring out what do do with the funds - e.g. another fix, then Ulster Bank have instant access at 5.2% which is about the best around.