Looking to fix your savings? A two-year deal is my tip, says SYLVIA MORRIS - News Summed Up

Looking to fix your savings? A two-year deal is my tip, says SYLVIA MORRIS


Two-year fixed bonds are the new star of the show, as inflation falls and interest rates are due to drop towards the end of the year. If you go for the top one-year bond, you can earn slightly more – 5.18 per cent from SmartSave. And with interest rates expected to fall over the year, it’s doubtful you will find this high a rate. The Bank of England has been forced to pump up interest rates in a bid to contain inflation. Savings rates will follow.The top two-year bond rates I named above are only on offer for those willing to buy online.


Source: Daily Mail May 02, 2024 18:19 UTC



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