Savings account now pays 3.5% – expert thrills at ‘best rate I’ve seen in 10 years’


Products You May Like

This marks a dramatic turnaround in the last 18 months, she adds. “In January 2021, the top five-year rate savings bond paid just 1.25 percent. This shows how far rates have improved since then, almost three-fold.”

The best savings rates are now being offered by the smaller challenger banks, who are competing to new win new customers.

High street giants such as Barclays, HSBC, Lloyds and NatWest are trailing badly, and rarely feature in the best buy tables.

By contrast, Monument pays 3.30 per cent a year over five years, while another lesser-known bank, Paragon, pays 3.20 per cent.

Your money is just as safe because deposits are covered by the Financial Services Compensation Scheme (FSCS).

This protects the first £85,000 if your bank goes bust, which rises to £170,000 for jointly held savings accounts.

Products You May Like

Articles You May Like

The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!
NS&I to increase Premium Bonds prize fund rate – adding millions of pounds more in prizes
Attendance Allowance: Pensioners could be missing out on DWP benefit worth £369 per month
Queen Elizabeth wore ‘famous’ necklace with mysterious tale for last gala appearance
King Charles ‘follows in the footsteps’ of the Queen – ‘comfortingly familiar’ to fans
‘Can’t afford to be missing out!’ Parents urged to claim £2,000 tax relief

Leave a Reply

Your email address will not be published.