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Loyalty costs savers as top rates dip
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Moneyfacts: Loyalty costs savers as top rates dip - IFA Magazine
Falling bond rates and sticky inflation mean savers who stay loyal risk missing out on the most competitive returns. Moneyfactscompare.co.uk reveals the state of play in the fixed bond market for savers. Last year the Moneyfacts Average Savings Rate was 3.75% while the top rate paid closer to 5%, meaning savers could have missed out on £120. Due to lower rates, in today’s terms that loss could be even bigger. Moneyfacts survey data shows that on…
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