Top savings rate hits 10-year high of 7pc
Savers can access the highest rate since January 2013 on Thursday
Source: telegraph.co.uk
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Grab a fixed savings deal now... rates may already have peaked!
The top rate of 4.65% - seen last week on popular one-year bonds - has vanished, with some accounts only on sale for just 24 hours.
Source: thisismoney.co.uk
Average saver will lose £2,000 to inflation this year
Inflation far outstrips savings rates, with average easy access Isa paying just 1.37pc
Source: telegraph.co.uk
The base rate rockets - but NOT if you're a saver
In contrast, when the base rate was at 3 per cent in November 2008, the average rate was 3.63 per cent.
Source: thisismoney.co.uk
NS&I turbo-charges savings - and some rates have doubled!
NS&I's Direct Saver and Income Bonds now pay 1.8% up from 1.2%, spelling better rates for savers. In December 2021, these paid just 0.15%.
Source: thisismoney.co.uk