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Abbey 1 Yr Fixed Rate Bond

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Last week I saw Abbey advertising a 1 Yr Fixed Rate bond paying 3.5%. This week they've got a 1 Yr Fixed Rate bond paying 3.75%. Does anyone know if they are in any trouble? Most other banks/building societys are paying around 1% less.

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Northern Rock are doing a 1 yr bond at 3.4% and you can withdraw if needed - though you lose 60 days gross interest on the amount you withdraw, so think Abbey's is pretty much the norm at the moment.

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Abbey is part of Santander, the global spanish banking conglomerate. They have survived the credit crisis better than most since spanish banks have not been allowed to speculate as much as ours.

In my opinion they are one of the safest western banks out there

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ING now doing a one year 3.5% ..... looks like these banks are expecting a few rate rises this year and getting punters to lock into what looks a good rate NOW but in 6 months not so good if rate rises come in .........

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ING now doing a one year 3.5% ..... looks like these banks are expecting a few rate rises this year and getting punters to lock into what looks a good rate NOW but in 6 months not so good if rate rises come in .........

That`s my thinking. When the banks start "pushing" what look like good rates, but with fixed terms and exit penalties, higher rates could be on the way. With savings rates as low as they are, I think it`s a bit risky to tie money up just for a little extra interest.

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