Am I correct in assuming that if I fix for five years and EBS drop their fixed rate again I could break out for €0 and fix at the lower rate? I know that the breakage fee can increase but the opinion seems to be that its unlikely?
Am I correct in assuming that if I fix for five years and EBS drop their fixed rate again I could break out for €0 and fix at the lower rate? I know that the breakage fee can increase but the opinion seems to be that its unlikely?So the question is how long should people fix for? I'm coming from 3.15% and no breakage fee - offer is valid for 5 working days.
I can't imagine rates coming any lower than 3%? I'm almost tempted to fix for 2 years - I normally only fix for 1 year at a time.