The Lemon Fool

I know a lot of people aren’t fans but there are some good fixed rates available via Hargreaves Lansfown Active Savings at the moment …

BLME 1.40% pa for 1 year, 1.60% pa for 2 years and 1.70% pa for 5 years

Other providers with lower rates are available there, eg Metro Bank 0.25% pa for 3 years (who’d bother?)

Also AJ Bell Youinvest has a cash hub with the likes of QIB (who??) providing 1.77% pa for a 3 year fix.

A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.

Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.

2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/

Gan020 wrote:

Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.

2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/

Sorry, I don’t recognise them.

Myfyr wrote:

Gan020 wrote:

Myfyr wrote:A three year fix is the most I would go for, unless a longer fix paid significantly more. Would need to be at least 2% really for 5 years.

2% now available as an opening offer from new bank Recognise Bank

https://www.recognisebank.co.uk/

Sorry, I don’t recognise them.

Another bloody bank??? Please do your enhanced due diligence, KYB (Know your bank) and a thorough internet search of the bank and its founders. If you request a 'source of funds', can they provide it?


Steve