Savers are being urged to shop around and move fast if they want to get hold of one of the competitive deals still available. These include one-year fixed-rate savings bonds paying up to 4.35% and an easy-access account with a rate of 4.5%.
The impact of the Bank of England’s pre-Christmas interest rate cut – the sixth reduction since August 2024 – has been making itself felt, with reductions to rates on many savings accounts. But some best-buy savings rates have arguably held up better than one might have expected.
