As our article Short term fixed rates hit two year high illustrates, fixed rate savings accounts are marching upwards as we approach the next Bank of England base rate decision.
Following a significant increase in best buy activity in the previous week, the last seven days have seen this encouraging development continue, with a number of new best buys hitting the market.
This type of account is an important part of the savings market but there can be confusion surrounding the actual term ‘fixed rate bond’, so it’s important to tread carefully to make sure you are signing up to what you expected.