This shorter week was bookended by two key changes in our fixed rate bond best buy tables. At the start of the week, Secure Trust Bank launched a new market-leading five year bond, alongside improved six and seven year bonds.
As end of tax year is fast approving we thought this week we would do something a little different to illustrate just what has changed for savers over the last few years.
The biggest savings news of the week undoubtedly has been the launch of an improved five year fixed rate bond from Vanquis Bank – the highest rate we have seen in this area of the market in nearly two years.
Ask Anna: I have a lump sum which I need to get a regular income from, to help cover my monthly outgoings – can you help point me in the right direction?
For those loyal savers who have stuck with their high street banks, they are missing out on valuable tax-free interest. Find out how to get more up to 12.5 times more in interest each year.
Overall It’s been a quiet week in the savings market this week, with nearly all the action taking place in the cash ISA arena - but that is not to say that there aren’t still good deals to be had elsewhere.