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10-year fixed-term savings account/bond?

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yorkshirelad1
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10-year fixed-term savings account/bond?

#364042

Postby yorkshirelad1 » December 8th, 2020, 1:06 pm

I'm looking for a 10-year savings account (£90k deposit). Probably not a serious move, more for a comparison. They seem rarer than [insert metaphor of choice]. Googling hasn't thrown up much.
Leeds did one in 2019 but it closed pretty quickly (lucky few that bought in at 2.5% for 10 years in 2019!)
https://www.leedsbuildingsociety.co.uk/press/press-releases/2019/07/leeds-to-withdraw-ten-year-bond-at-month-end-after-strong-performance/
The longest I can find is 5-years, currently at about 1.3%
(source: https://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html)

Does anyone know of a 10-year fixed-rate savings bond available at the moment?
TIA

dealtn
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Re: 10-year fixed-term savings account/bond?

#364048

Postby dealtn » December 8th, 2020, 1:23 pm

yorkshirelad1 wrote:I'm looking for a 10-year savings account (£90k deposit). Probably not a serious move, more for a comparison. They seem rarer than [insert metaphor of choice]. Googling hasn't thrown up much.
Leeds did one in 2019 but it closed pretty quickly (lucky few that bought in at 2.5% for 10 years in 2019!)
https://www.leedsbuildingsociety.co.uk/press/press-releases/2019/07/leeds-to-withdraw-ten-year-bond-at-month-end-after-strong-performance/
The longest I can find is 5-years, currently at about 1.3%
(source: https://www.thisismoney.co.uk/money/article-1621507/Best-savings-rates-Fixed-rate-accounts.html)

Does anyone know of a 10-year fixed-rate savings bond available at the moment?
TIA


Have you considered Bonds? There are plenty of Fixed Rate offers available, and many offered by financial institutions if that is important to you.

Maybe ask on the viewforum.php?f=52 Gilts and Bonds Board

didds
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Re: 10-year fixed-term savings account/bond?

#364052

Postby didds » December 8th, 2020, 1:39 pm

dealtn wrote:Maybe ask on the viewforum.php?f=52 Gilts and Bonds Board



... where inded this was posted in November (purely as an example)

viewtopic.php?f=52&t=26394

Gan020
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Re: 10-year fixed-term savings account/bond?

#364053

Postby Gan020 » December 8th, 2020, 1:39 pm

I think you will be lucky to find a 10 year bond. I haven't seen any advertised for a very long time.

Shawbrook are currently offering 1.35% for 7 years.


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