It would be really helpful to know how urgently say Barnsley needs the cash to cover up and coming maturities, liquidity and the opportunity to invest in potentially loss making new ventures coupled with a sheep's eye view of where they are being told interest rates are projected to go in the five year period of their bonds. That would level the field for savers who could take a reasonably well informed decision on where to place cash from instant to five years.
Having said that with the Government printing cash like a top class banana republic coupled with an uncertain recovery in the home market plus the possibility of the recession actually kicking in some time soon meaning that rates could break out up or down my maximum today is instant access and maybe tomorrow 1 year. Now to...
Inferior money making suggestions from CMK and Sparky :-) Me I'm gonna open up as competion to Borro, the online pawnbrokers and beat their "best rates of interest". Yeah wot I'm gonna do is start out charging the same 6% they do but with a free gift like any one thing the punter wants from "Poundland" and er... take it from there...
Oh yeah 4got (c wot I dun there 4 & not four - bitofa txtr me.) Now ware I woz ah yes that's 6% per month which is an APR of 85%!