Any savers hoping to see interest rates surge upwards, will again be disappointed this week. Although, we have seen slight improvements across our fixed rate best buy tables.
The record low interest rate environment that has been created over the last decade is a ticking time bomb of issues for all of our futures, not just the next generation.
As expected, last weekend’s press was dominated by the base rate rise news. Of course, everyone is warning that although base rate has increased by 0.25%, you shouldn’t automatically expect to see your savings account rate being raised by the same amount.
While perhaps not the torrent of new best buys that we and many savers were hoping for following last week’s base rate rise, the number of new best buys has been steadily increasing over the last seven days.