Investment experts?

[rich p]

Is 4.4% gross, tied up for 3 years, a reasonable return at the moment? Would I be kicking myself in a year if the rates rise?

That's the rate of a National Savings growth bond.

I'm not very good at this kind of thing

 

[swee'pea99]

Yes. Yes. But they probably won't rise. But you never know, and three years is a fair while. But if you want a safe home for your money and you're sure you won't want to take any out, it's probably a pretty good choice. (Tho' there are better rates out there - a few at 5%, eg.)

 

[Noodley]

I saw Abbey/Santander had a 6% account when I walked past their local branch at the weekend. Just a pity I have no money

 

[Dormouse]

Is 4.4% gross, tied up for 3 years, a reasonable return at the moment? Would I be kicking myself in a year if the rates rise?

That's the rate of a National Savings growth bond.

I'm not very good at this kind of thing

These NS&I Growth Bonds have the advantage of being able to cash them in before the due date with the loss of 90 days interest on the amount withdrawn. Most fixed rate bonds don't offer this escape route. Martin Lewis, moneysavingexpert, covered this.

So in the event that inflation and interest rates rocket, in a year or two from now, you could still get your money out and into a better account without losing too much.

 

[Aperitif]

I'll look after it for you rich

 

[rich p]

Thanks for the advice. Good comparison site Swee'pea. Easy for a numpty to understand!

I'll be in touch Ape if there's any over! You didn't mention your interest rates? A bottle of this, peut-etre?