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The Guardian - UK
The Guardian - UK
Business
Shane Hickey

Do your homework if you want to grab rising savings rates

Do your sums and track down the best savings rates as they may disappear quickly.
Do your sums and track down the best savings rates as they may disappear quickly. Photograph: BrianAJackson/Getty Images

Amid the cost of living crisis, savers have been among the only ones who have got anything positive out of it, as rates teeter at around their highest levels in more than a decade.

Consumers can get close to 5% for those willing to put their money away for up to two years – but even easy-access accounts are many times better than they were in 2021.

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