Savers urged to lock in now to high-rate deals
May 7, 2008 · Filed Under Your Money · Comment
Savers who are prepared to move their money can beat falling returns following last month’s base rate cut thanks to continuing competition for deposits.
Cash investors can still find accounts paying up to 6.5 per cent, in spite of base rates having come down to 5 per cent. And with fixed-rate deals having broken through the 7 per cent watershed again, they can also lock in to even higher returns that will protect against further reductions.