Looks like a fairly good deal.
£2000 up to £1000000 and they'll give you 6.62% fixed for a year.
I'm tempted.
http://www.co-operativebank.co.uk

The Masked Tulip beat you to it!

Damn that Masked Tulip!
Mods, please lock this thread.

The Tulip will return in...

Looks like that the Co-op is about the best fixed bond out there at the moment ignoring the foreign banks. It pays slightly less than the Derbyshire but I do not have one of their branches anywhere near me plus, from what I can make out, the Co-op has little subprime exposure.

If the BOE drops IRs next week I think this deal will disappear pretty soon. The only other bond I am considering now is Leeds till August of this year at 6.00%. Leeds is well capitalised apparently.

I keep looking at A&L's 12 month 6.3 bond but my gut tells me to avoid.

Nationwide do a 12 month 6.25%.........

Got my appointment booked with the CO-OP tomorrow

BTW, the is Leeds Bond the three year TESSA? http://www.leedsbuildingsociety.co.uk/savi..._tessa_isa.html

No - it is a fixed 6.09% branch one till August 17th 2008. They have a postal one paying 6.11% till August 1st of this year. I read a report a few weeks back that Leeds has more savings than loans.

At the moment I am weighing up the pros and cons of fixing for 6 months or 12 months. If I go with the Leeds one I might be kicking myself in August if the BOE has reduced rates below 5%. Then again, inflation might be the curse and I could be kicking myself that I put money in 12 months at the Co-op.

My other bonds are the NR but that has instant access and then a 6 monther at HBOS. Oh, and I took out the Lloyds 12 month ISA last week.

It is so up in the air at the moment trying to safeguard an STR/House buying fund. I cannot recall a time like this in the past 18 years when it was so uncertain which ways IRs are going to go.

Oh, another reason I am staying away from Derbyshire BS is that most of their branches are in and around Nottinghamshire which concerns me re all those BTL appartments unsold in the area. Just concerned that Derbyshire might be exposed to it.

I don't have a large fund to move (£16k now, another 8k in July), and it's my first time investing - so thought I'd go for:

9k in Lloyds TSB FR 6.5% Cash ISA http://www.lloydstsb.com/savings/fixed_rate_cash_isa.asp

7k in the 6.62 % CO-OP Bond http://www.co-operativebank.co.uk/servlet/...ndard&loc=l

Put the other 8k in July in a tracker, when we have a better idea of IR's - although if they go higher than 6.5% there will be blood on the streets, and we'll have other things to worry about

Also, perhaps it's good to have a 50/50 spread between tracker & fixed?

If you can put more than 9K into the Lloyds 6.5% ISA that is much better than the Co-op deal as it is TAX FREE. You can put another 3,600 in after April 7th. I doubt you will find a better deal at the moment anywhere.

Personally I would stay away from trackers and keep to instant access accounts. Whilst the climate for IRs is uncertain - look at Iceland - it does look more than the UK will be going down in the short-term at least than up. You never know though.

Also, look at Northern Rock and don't be put off putting money there is you can find a good deal.

Just got off the phone to the co-op to arrange mine, they said the offer was going to end in the next couple of days, so be quick