Fixed rate vs variable rate ISA, which wins?
| Author | Message |
|---|---|
|
Written on: 20.12.2009 [21:16]
|
|
|
Phoebe
Phoebe
Topic creator
Posts: 3
|
I have been reading through the posts trying to figure out how to invest my money and I have the overall impression that it is more worthwhile getting a fixed rate isa rather than a variable rate isa. I am trying to save up towards a house as I would like to start looking for a place to buy in the next five years so I could do with as much interest as possible. Any suggestions would be much appreciated. Thanks |
|
Written on: 25.12.2009 [18:10]
|
|
|
Neha
Neha
Posts: 3
|
Well I would think that you have been reading threads from last year or beforehand as now it is probably more worthwhile getting a variable rate isa rather than a fixed rate. Beforehand the fixed rate would have been great if you had secured one just before the rates crashed, that way you would be secured at 6.2% in 2008 whereas now the rate could be at 1% or even less. But think about it, if you secure the fixed rate of only 3% now and they say it is likely to increase again then you will be stuck with the old rate when everyone else in on a higher rate. |
| Also very interesting: | |
