Saving Rates Continue To Rise | moneyfacts.co.uk
The average rates on easy access savings accounts and fixed accounts have continued to rise month-on-month, new figures reveal
Source: moneyfacts.co.uk
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Over Half Of Savings In Easy Access Accounts
Share Since the start of the Coronavirus pandemic, savers have been opting to put their money into easily accessible accounts, leading to a surge in popularity of easy access accounts and research from Paragon Bank has found that these accounts now account for 58% of the total savings market. According to the research, the average balance in easy access accounts has increased by 10% year-on-year, from £9,995 to £10,989. In addition to this, over the last year the number of accounts with balances under £500 has decreased in 2020, while accounts with balances of more than £500 has incre...
Source: moneyfacts.co.uk