Interest rates

[DealorNoDeal]

Which lender is this with and are there penalties for with-drawl ?

Family Building Society. No withdrawals permitted during the 2 years.

https://www.familybuildingsociety.co...-rate-bond-(11)

[NowPermOutsideUK]

Thank you - I went with a Marcus 1.8% instant savings account - Better than halifax current account

[Lance]

Thank you - I went with a Marcus 1.8% instant savings account - Better than halifax current account

2 year government gilts were going for 4.8% yesterday.
30 year at 5%

[ChimpMaster]

2 year government gilts were going for 4.8% yesterday.
30 year at 5%

What's an easy way to buy them?

[Lance]

What's an easy way to buy them?

Buying & Selling (dmo.gov.uk)

Interactive Investor offer them as well.

[jamesbrown]

Just bear in mind that the rate on a bond moves inversely to the price. In other words, you can get back (a lot) less money than you paid, rate aside. It isn't a risk-free alternative to a savings account . I expect most people know this, but some might not.

[Lance]

Just bear in mind that the rate on a bond moves inversely to the price. In other words, you can get back (a lot) less money than you paid, rate aside. It isn't a risk-free alternative to a savings account . I expect most people know this, but some might not.

Hence why they're not available on the high street.
There are risks.

And the market fears the UK's ability to repay them. That's why they're offering such a high yield right now.
Although the BoE now buying them back is an interesting development.
Kwasi is toast I hear.

[eek]

Hence why they're not available on the high street.
There are risks.

And the market fears the UK's ability to repay them. That's why they're offering such a high yield right now.
Although the BoE now buying them back is an interesting development.
Kwasi is toast I hear.

The question is how can Truss bin Kwasi without also going herself...

[NowPermOutsideUK]

There are also ETFs that package up gilts - From memory IGLT is the ishares UK sterling denominated ticker

I needed instant access so cant trade ETFs - Risk of course is rates go up a lot more and then the IGLT will move down

[jamesbrown]

Hence why they're not available on the high street.
There are risks.

And the market fears the UK's ability to repay them. That's why they're offering such a high yield right now.
Although the BoE now buying them back is an interesting development.
Kwasi is toast I hear.

Did you hear that from Rachel Reeves?

There's literally no chance that Kwasi is toast in the near-term because he's perfectly aligned with Truss, and there's literally no chance that the Tories will ditch Truss in the near term. I mean, the Tories may be fooked, but changing the party rules to allow a confidence vote within the first 12 months of a new leader and then to have one and install another leader would make the broader Tory party explode in a fireball that would be visible from space.

When Tory MPs say "I'm writing a letter" or brief nonsense like the above, you need to read them as "I am very, very angry". Which they are, but hey ho, that's it.