mahemick:if i was in your position i`d go for 18 months too ! these banks/bsocs are all trying to lock in fixed cash for 3-5 years because they expect rates to rise in that time imho. im not at all keen on locking my cash up for more than a year ahead.

My sentiments exactly...:)

Jan

if i was in your position i`d go for 18 months too ! these banks/bsocs are all trying to lock in fixed cash for 3-5 years because they expect rates to rise in that time imho. im not at all keen on locking my cash up for more than a year ahead.

Being a cautious person I think I will go for the 18 month option as I don't want to commit too far ahead in these changeable times.Some input from more knowledgable people would be good...Jan

Good question Jan. Although I can't answer it for you, I received the same letter, so would be interested on some expert advice.

Jeff

Earlier this year I invested £30,000 in the West Bromwich BS E Bond issue 22 with a fixed rate of 4.30% for 12 months to 31st May 2010.

Today I have received a letter from West Bromwich offering me the chance to extend my 12 month fixed term E Bond 22 to 18 months at 4.30% gross or 2½ years at 4.50% gross and for 3½ years at 4.80% gross.

Would any of these options be a good move.

Jan