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Savings accounts paid nothing for years while the stock market rocketed thanks to cheap money and low interest rates. Now that trend has dramatically reversed.
Savings rates are higher than they have been for more than a decade, and could rise further still following an expected increase to the base rate.
Savers usually have a choice between locking money away for a year or two to get a high rate, or leaving it in an account earning far less interest.
Savers usually have a choice between locking money away for a year or two to get a high rate, or leaving it in an account earning far less interest.
Today savers can bag a top rate of 4.56% from UBL UK. In contrast, Coventry BS currently offers the best Junior Isa at 4.3%.