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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Should you lock into a fixed-rate savings account paying 5.25%?

An open jar full of saved one-pound coins
The data provider Moneyfacts says fixed savings rates are at ‘multiyear highs’. Photograph: Viktoria Rodriguez/Getty Images

Returns on the top fixed-rate savings accounts are at their highest level in years and still climbing, with some now paying up to 5.25%.

It leaves those with money to put away facing a choice: lock into some of the best interest rates on offer in several years or hold your nerve in the hope they get even better?

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