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Evening Standard

Vicky Shaw

Savers warned that loyalty may not pay as some bond rates slide

Inflation remains a significant burden which makes it harder for savings to generate real returns, Moneyfactscompare.co.uk said (Nick Ansell/PA Archive) - (PA Archive)

Savers who stay loyal to their providers could potentially risk missing out on the most competitive returns as some rates dip, a financial information website is warning.

The average one-year fixed bond rate on the market was 3.99% at the start of October, while the top rate paid 4.45%, according to analysis by Moneyfactscompare.co.uk.

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