Banks are offering customers better deals on savings accounts
(Picture: PA Archive)Banks are finally offering savers better rewards alongside increasing mortgage interest rates. To attract new deposits, banks are offering deals with higher interest rates than have been seen for years.
However, many banks and building societies are also quickly pulling the deals once they’ve attracted enough customers so that the products don’t become oversubscribed. Therefore, savers looking to capitalise on better rewards may need to move quickly to avoid missing out.
