Savings update: no improvement on horizon as rates continue to fall

Sylvia Morris

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Rates on fixed–rate bonds continue to fall, with French-owned RCI Bank cutting its one-year rate to 1.75% before tax (1.4% after) for new savers, down from 2.01% (1.72%).

Rates on fixed–rate bonds continue to fall, with French-owned RCI Bank cutting its one-year rate to 1.75% before tax (1.4% after) for new savers, down from 2.01% (1.72%).

The top one-year rate is 2% (1.6%) from Swedish-owned Ikano Bank or 1.76% (1.41%) from Charter Savings Bank.

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Source Moneywise http://ift.tt/1oJAM9n