savers are being urged to switch savings accounts now as banks stop slashing rates. Rate cuts have been common during the pandemic, but banks seem to have taken their foot off the pedal recently, the Mirror reports.
June 2021 is the first month since October 2020 that average savings rates have not fallen, according to financial experts, Moneyfacts.
Rates with the typical one-year bond actually jumped from 0.44 per cent to 0.48 per cent.Meanwhile bonds of more that two years went up from 0.66 per cent to 0.72 per cent.Rachel Springall, finance expert at Moneyfacts, said: "Challenger banks have made notable improvements to fixed rate bonds and this has resulted in average rates improving on both the one-year and longer-term fixed bond.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.