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Evening Standard
Evening Standard
Vicky Shaw

Choice of savings deals at record high but average rates falling, says website

Moneyfacts Environment
Many savings providers will be competing as Isa season approaches, Moneyfacts said (Peter Byrne/PA) - (PA Archive)

Savers have the biggest choice of accounts in at least 19 years but the typical rates being offered on accounts are falling, according to a financial information website.

Moneyfacts counted 2,394 savings deals, including cash Isas, on the market in February, the biggest total in its records going back to February 2007.

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