Kent Reliance Savings Bonds - 1 year and 2 year rates

[stevensfo]

Latest rates -

Kent Reliance 1 Year fixed rate bond (Issue 105) - 4.45%

Kent Reliance 2 Year fixed rate bond (Issue 99) - 4.75%

Kent Reliance 3 Year fixed rate bond (Issue 8) - 4.80%

https://www.kentreliance.co.uk/bonds

Cheers,

Itsallaguess

BOE Interest rates today (0.75%) up to 3%.

It will be interesting to see what the various banks offer.

As usual, they will wait a while to try and get more people on the lower savings rates.

I'm not an economist, but it seems that the inflation is driven by complex international supply rather than demand, so I wonder how it will work.

But if we can get a one year fixed rate of 5%, at least we are only losing 5% rather than 10%.


Steve

[stevensfo]

Latest rates -

Kent Reliance 1 Year fixed rate bond (Issue 105) - 4.45%

Kent Reliance 2 Year fixed rate bond (Issue 99) - 4.75%

Kent Reliance 3 Year fixed rate bond (Issue 8) - 4.80%

https://www.kentreliance.co.uk/bonds

Cheers,

Itsallaguess

BOE Interest rates today (0.75%) up to 3%.

It will be interesting to see what the various banks offer.

As usual, they will wait a while to try and get more people on the lower savings rates.

I'm not an economist, but it seems that the inflation is driven by complex international supply rather than demand, so I wonder how it will work.

But if we can get a one year fixed rate of 5%, at least we are only losing 5% rather than 10%.


Steve

Nice to see that the banks are still intent on screw**g us.

The best 1-year rate offered by Monzo went down this afternoon from 4.3% to 4.2%.


Steve

[scotia]

BOE Interest rates today (0.75%) up to 3%.

I'm not an economist, but it seems that the inflation is driven by complex international supply rather than demand, so I wonder how it will work.

Indeed - inflation seems to have been supply driven, and not by a surplus of personal cash. So an increased BOE interest rate seems almost certain to deepen a recession.

[Parky]

Coventry B.S. have withdrawn all their fixed rate ISAs today. Will they replace them with higher or lower rates, I wonder?

[scotview]

There are lots of people who don't want to risk equities, me included. When you reach your 70's you really shouldn't risk to much of your next egg.

If you don't mind me asking, what's the tax situation with these bonds, thanks.

[swill453]

AJBell have had a couple of different 1-year accounts in their savings hub @ 4.5% recently, they haven't changed yet.

I'm hoping for 5% or more for 1 year by next week.

Scott.

[richlist]

There are lots of people who don't want to risk equities, me included. When you reach your 70's you really shouldn't risk to much of your next egg.

If you don't mind me asking, what's the tax situation with these bonds, thanks.

I have no idea, Kent Reliance have now withdrawn all bonds and all ISA's

[mc2fool]

There are lots of people who don't want to risk equities, me included. When you reach your 70's you really shouldn't risk to much of your next egg.

If you don't mind me asking, what's the tax situation with these bonds, thanks.

These are normal savings products, with the interest taxed ummm, as interest! https://www.gov.uk/apply-tax-free-interest-on-savings

[stevensfo]

AJBell have had a couple of different 1-year accounts in their savings hub @ 4.5% recently, they haven't changed yet.

I'm hoping for 5% or more for 1 year by next week.

Scott.

I just checked now, and despite the increase in interest rates, the 1-2 years remains the same at 4.8%.

BUT the 2-3 and over 3-year rates have both come DOWN 0.1%.

My Monzo 1-year offers now at 4.2% (Charter Savings Bank) and 3% (Oaknorth).

Wow! So much to choose from.

Steve

[didds]

oddly none of these > 4% accounts seem to appear on MSE/MSM comparison sites. Not enough kickback to those sites?

[swill453]

oddly none of these > 4% accounts seem to appear on MSE/MSM comparison sites. Not enough kickback to those sites?

1. They're not better than the top picks that they (MSE) highlight.

2. They're only available to existing customers.

Scott.