My fixed rate saver comes to an end in seven days. I wish to reinvest and the interest rate quoted today is 4.81%. If i choose to do this today and the bank rate goes down before the end of my present term seven days from now will i still recieve the 4.81% quoted,
Fixed rate saver reinvestment.
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Verified Answer
Verified AnswerHey @Susaellis , thanks for getting in touch 🙂
Yes, if you lock in the rate of 4.81% today this will be the rate you receive on maturity.
I hope this helps! 🙂