Savings accounts: best and worst for savings interest - News Summed Up

Savings accounts: best and worst for savings interest


Ahead of this week’s Bank of England interest rate announcement, many will be looking for the best easy access savings accounts - and be thinking about which ones which might not be as competitive. TotallyMoney has put together this guide, to help make savers' money work for them, by shifting their savings to an inflation-busting account. It's based on the average savings of £17,365, which was arrived at following UK savings statistics for 2024 from the Bank of England. (Image: TotalMoney)Alastair Douglas, CEO of TotallyMoney, says: "If you’re sitting on any savings, double check the interest rate as soon as possible. The table below highlights 20 of the lowest interest savings accounts for people who want to deposit and withdraw money without restrictions.


Source: The Times November 06, 2024 15:18 UTC



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