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Fixed rate Cash ISA - now or wait?

2 replies

littlematchstickgirl · 31/05/2023 11:51

Have some money I'd like to put into a fixed rate cash ISA. Can't decide whether to do it now, or wait to see if rates increase again.

What would you do? Thanks

OP posts:
snowlaser · 31/05/2023 12:52

In my view interest rates are likely to rise slightly over the coming few months.

But no-one knows for sure!!

seekingasimplelife · 03/06/2023 13:48

Have you used up your savings tax allowance? Might you need access to your savings before the fixed term is completed?

If the answer to both of these questions is no, then I would look into non-ISA fixed rate savings, as you are likely to get a better rate.

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