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Daily Mirror
Daily Mirror
Business
Zahra Khaliq

Savings accounts to receive boost as rates rise to highest levels in almost a decade

Moneyfacts Rachel Springall

The average rates on savings accounts have reached their highest level in almost a decade, analysis of the market has found.

According to Moneyfacts.co.uk, the average easy access rate is at its highest since 2012, which saw a rate of 0.87 per cent compared with today's rate of 0.84 per cent.

Just a year ago in September 2021, the same rate stood at a mere 0.17 per cent.

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