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That looks to have already dropped! Now 1.66%.
Pretty unimpressive rate though, unless I'm missing something?
Dramatic_Hammer-
unless I'm missing something
The implied 6m risk free rate is 0.28% - 1.66% is more than this, but you need to factor in the associated risks of putting your money into a bond that is back by an issuer with a meh credit rating.
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I don't think you're missing anything. Interest rates are near a historical low at the moment. Not a great time to be a saver.
NotThamesWater
Stonehedge
Charter Savings Bank are offering 1.79% on 1yr bonds at the moment.