Savers who are loyal to their providers may probably risk the disappearance in the most competitive returns because some rates are dipped in some rates, giving a financial information website warning.
According to the analysis of the Moneyfactscompare.C.UK, the average one year fixed bond rate on the market was 3.99% in early October, while the top rate paid 4.45%.
A year ago, the top one year fixed bond rate was 4.95% and the average rate was 4.30%.
The average three -year bond in early October was 3.92%, which was below 3.93% a year ago. The top three-year fix was 4.45% in early October 2024 in October 2024.
Five years of bonds have been more stable in the last one year.
The top five-year fix on the market in early October was 4.64%-unchanged at the top rate a year ago.
The average five-year rate on the market in early October was 3.96%-which is more than 3.81% compared to a year ago.
The average interest rates were based on a deposit of £ 10,000 at the beginning of the month.
Changes in the top one year bond in the last one year means that, for example, a year ago, a person with £ 10,000 could be earned £ 495 on his pot to keep it away for a year, but now he will get £ 50 less with the top rate, at £ 445.
Cattyin Eastel, a spokesman of MoneyfactScompare.co.uk, said: “inflation There is an important burden that makes it difficult for savings to generate real returns. It is important that the savers are continuously searching for the most competitive deals, especially if they pay below 3.8% (because the consumer price index inflation was 3.8% in August).
“Faith is not always rewarded, and saver can disappear from an important cash bonus.”
Ms. Easle said: “With the future of interest rates in the air, some saver may see more incentives to shut down their cash for a long time.
“In addition, a fixed bond base rate is a great way to defeat the cut.”