Investing in a fixed rate bond now.

[HappydaysArehere]

Have a bond which needs renewing or reinvesting in a few days. The new bond offer is lower than the.current one and is fixed. The base rate has gone up but so far no news that this is being offered at the moment. It’s as if the offer is lower so that it can incorporate a rise in the near future. However, I don’t feel like handing them my money for a year at the lower rate. They don’t have a variable bond on offer. Rang Virgin Money but only variable is an easy access at 1.2 so am thinking to put it in that until the rise is transferred to savers. Any thoughts?

Go on moneysavingexpert.com and find a better rate.

Thanks Shutupsidney. Will look but old fashioned and want a store based offer. That restricts me but do not fancy the internet to manage my precious savings.

Money saving expert is a site. It will tell you the banks etc and their offers. Yes, some offers are online (like NS&I, which is the government!), but others won't be. It's a research tool, not a provider.

Notify your current provider that you want your money, and research for the best investment.

Thank you both. I am doing exactly that.

savings accounts online are fine as long as they are with FSCS guaranteed banks. If you stick to the high street you WILL get shafted.

rates on thisismoney.co.uk - it is a Daily Mail site but it is the most comprehensive summary. Instant accesses currently at 1.4%, one year fixed rates at 2%. Still well below inflation but ALL accounts are that.