If I open a 3 Year fixed rate bond today at 4.87% interest rate and send you my money next Tuesday, if the Bank of England increase their base rate which rate will I receive?
If I open a 3 Year fixed rate bond today at 4.87% interest rate and send you my money next Tuesday, if the Bank of England increase their base rate which rate will I receive?
Rates are almost certain to increase further, so if you're not in a rush, I'd suggest waiting until the next BOE decision before committing to a fixed rate.
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Staff
27-10-22 14:03Hi @oliver13, thanks for getting in touch. The rate is fixed, so you'd receive the rate which was current when you opened the account.
