Savings update: rates drop yet again with interest rate cut expected

Sylvia Morris

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Rates are falling fast ahead of the expected cut in Bank of England base rate from 0.5% to 0.25% later this week. Big banks pay less than 1% on fixed rate bonds and cash Isas for a year.

Rates are falling fast ahead of the expected cut in Bank of England base rate from 0.5% to 0.25% later this week. Big banks pay less than 1% on fixed rate bonds and cash Isas for a year.

The top one-year fixed rate cash Isa comes from Virgin Money at 1.3% while for two years Paragon Bank's new deal pays 1.5%.

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Source Moneywise http://ift.tt/2ast4wW