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Average Rate For A Longer-term Fixed Bond Falls

The average rate paid by a fixed bond with a term over 550 days dropped to 5.11% at the start of October, according to Moneyfacts’ data. This is the first time this rate has fallen since March 2023. ....

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OakNorth Bank increases interest on fixed savings account and earns 'excellent' rating | Personal Finance | Finance

OakNorth Bank has grown increasingly competitive with interest rates in the past few months. ....

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Banks Savers Should Look Out For In 2021 | moneyfacts.co.uk

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A combination of Bank of England base rate cuts, a new funding for lending scheme and the ongoing economic uncertainty has resulted in saving rates falling to historic lows during 2020. It is clear that it has been a disappointing year for many savers, but, although we cannot predict the future, it is hoped that 2021 will see some signs of recovery.
Below we have highlighted some of the banks that savers should watch during 2021.
The up and coming challenger banks
Despite the economic uncertainty, a number of banks launched savings products for the first time this year. Of these, JN Bank and DF Capital offered some of the most competitive rates in both the easy access and fixed rate bond charts. ....

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