5% isa fixed for 5 years should we take the plunge

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Cyberman replied

22 July 2009, 17:31
Originally posted by Bagpuss View Post

The emergence of these seemingly high fixed rates indicates the banks are predicting rates are going to rise significantly over the next couple of years. I'm sure they will, therfore there is no way I would fix for so long at 5%

... you can give 90 days notice to exit, so not such a bad deal.
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Bagpuss replied

22 July 2009, 17:26
Originally posted by BlackenedBiker View Post

Newcastle BS is offering the above.

Should we get on the train or is this a bad deal, as interest rates will rise and rise...........

The emergence of these seemingly high fixed rates indicates the banks are predicting rates are going to rise significantly over the next couple of years. I'm sure they will, therfore there is no way I would fix for so long at 5%
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centurian replied

22 July 2009, 17:21
Originally posted by BlackenedBiker View Post

Newcastle BS is offering the above.

Should we get on the train or is this a bad deal, as interest rates will rise and rise...........

Since you can get 3% fixed for one year, I'd go for that instead. When the effects of the money printing kicks in, interest rates are going to rise in the next few years. That's why they're offering it for 5 years.

And if the UK's credit rating gets downgraded, interest rates will have to rise by a few percentage points pretty quickly.
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pmeswani replied

22 July 2009, 11:28
Originally posted by Cyberman View Post

A few. Off the top of my head, the Derbyshire and the Cheshire are two of them.

Dumfarline (or whatever they are called... the scottish one) almost went under. Some of it is owned by Nationwide, I believe.
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Cyberman replied

22 July 2009, 11:22
Originally posted by Archangel View Post

Which ones have gone belly up so far?

A few. Off the top of my head, the Derbyshire and the Cheshire are two of them.
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Archangel replied

22 July 2009, 11:18
Originally posted by Cyberman View Post

When I see rates on offer like that I immediately wonder whether this is the next B/S to go belly up.

Which ones have gone belly up so far?
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Cyberman replied

22 July 2009, 11:09
When I see rates on offer like that I immediately wonder whether this is the next B/S to go belly up.
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ctdctd replied

22 July 2009, 09:38
Originally posted by BlackenedBiker View Post

Newcastle BS is offering the above.

Should we get on the train or is this a bad deal, as interest rates will rise and rise...........

ContractorUK - last with the news.

Newcastle's 5% ISA closed last week!

But it was a good deal while it lasted as it was fixed for 5 years but had a get out clause with 90 days notice. So when interest rates rocket, you can jump ship.
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BlackenedBiker started a topic 5% isa fixed for 5 years should we take the plunge

22 July 2009, 09:32
5% isa fixed for 5 years should we take the plunge

Newcastle BS is offering the above.

Should we get on the train or is this a bad deal, as interest rates will rise and rise...........
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