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postman44 | 18:00 Thu 18th Jun 2020 | Business & Finance
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How do you rate Lloyds,Halifax and Nationwide for investing money in fixed rate savings bonds.only what to invest money for 2years no longer.please. Thanks for any help much appreciated.
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It's unlikely that any such account will beat inflation (or even keep pace with it) but, of the three you mention, Nationwide has the highest rate at the moment: Lloyds: 0.3% https://www.lloydsbank.com/savings/fixed-bond.html Halifax: 0.3% https://www.halifax.co.uk/savings/fixed-term/ Nationwide: 0.5%...
18:17 Thu 18th Jun 2020
they're alright
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Would you recommend bed jobs.
Have a look at Martin Lewis' website. He knows. Money saving expert.
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Apologise bednobs. Good or just alright
no because I'm not a financial advisor and I have no idea your financial situation/how much you want to invest
It's unlikely that any such account will beat inflation (or even keep pace with it) but, of the three you mention, Nationwide has the highest rate at the moment:

Lloyds: 0.3%
https://www.lloydsbank.com/savings/fixed-bond.html

Halifax: 0.3%
https://www.halifax.co.uk/savings/fixed-term/

Nationwide: 0.5%
https://www.nationwide.co.uk/products/savings/fixed-rate-bond/features-and-benefits

For the best rates though, forget the High Street banks and look online:

PCF: 1.16%
https://pcf.bank/savings/personal/term-deposit/

RCi: 1.15%
https://www.rcibank.co.uk/savings/2-year-fixed-term-account
There is probably very little between them, Lloyds and Halifax are the same Company. Nationwide has the highest rate for 2 years but that is only 0.5%. Follow Tilly's advice and have a look at the comparison sites. As long as the place you select is covered by the FSCS your money will be safe.
As all the banks/bldg. socs. rates are so bad, we have put most of our savings into Premium Bonds. You can put in up to £50,000 per person. We have got £60,000 in between us and usually win about £100-£150 per month, which is a miles better effective rate than the interest rates offered.
^^^ Sddsddean must have better luck than average!
https://www.moneysavingexpert.com/savings/premium-bonds/
Must be the only thing I'm lucky with then Chris. Normally, if I fell into a bowl of bosoms, I'd come out sucking my tumb!!
they are all terrible, interest rates ate non existent you are better off in premium bonds, you may actually win something.
so even with the best one in chris's example you'll get £11.50 per thousand per year! Not worth the ag.
didn't see sdsdeans answer before I wrote mine, yes premium bonds are returning a much better effective rate at the moment and you are also in with a greater than zero chance of winning a big prize! I generally win between £25 and £100 per month.
chico, that talking about £1000 in bonds, that's a very small holding, probably get a prize now and again with that.

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