Moneyweek
•
3rd December 2023
Lock in high yields on savings, before they disappear
The recent unexpected fall in inflation means interest rates may have peaked. Savers need to act quickly to find the best savings accounts before they disappear. If you were hoping to secure a rate of 6% or more, you are too late. Accounts offering these rates have disappeared as banks and building societies anticipate that the Bank of England will stick to a rate of 5.25% for the coming months.
Interest rates have rocketed over the past year. Last September the best you could find on an instan