Banks /Building

[postman44]

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.

[bednobs]

they're alright

[postman44]

Would you recommend bed jobs.

[Tilly2]

Have a look at Martin Lewis' website. He knows. Money saving expert.

[postman44]

Apologise bednobs. Good or just alright

[Tilly2]

https://www.moneysavingexpert.com/latesttip/?utm_medium=cpc&;utm_source=google&utm_campaign=sitelink&utm_content=subscribe&gclid=Cj0KCQjwoaz3BRDnARIsAF1RfLcOBgSvkC9dRjtu1p1DvyjQYU0gsRgVRw8J76WQ4_M9mQKBOhY7vv4aAlTHEALw_wcB

[bednobs]

no because I'm not a financial advisor and I have no idea your financial situation/how much you want to invest

[Buenchico]

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

[ubasses]

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.

[sddsddean]

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.

[Buenchico]

^^^ Sddsddean must have better luck than average!
https://www.moneysavingexpert.com/savings/premium-bonds/

[sddsddean]

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!!

[ToraToraTora]

they are all terrible, interest rates ate non existent you are better off in premium bonds, you may actually win something.

[ToraToraTora]

so even with the best one in chris's example you'll get £11.50 per thousand per year! Not worth the ag.

[ToraToraTora]

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.

[ToraToraTora]

chico, that talking about £1000 in bonds, that's a very small holding, probably get a prize now and again with that.