The potential for rising interest rates has homeowners facing the prospect of higher mortgage rates – but the flip side is that savings rates are rising too.
New data shows fixed-rate savings are continuing to head upwards, with Moneyfacts figures pinning the average one-year fix at 4.28 per cent – and the best rates on the market currently offering around 4.9 per cent. GB Bank, Meteor and Shawbrook are among the providers at, or close, to that rate.
