Best savings account rates available right now, as banks offer above base rate deals ⤵️
It offers a better rate than easy access, and the only stipulation is that you have to give it 120 days notice before you withdraw any funds.
Furness Building Society is also hiking the rate on its 120 Day Notice Saver from 3.1 to 3.5 per cent with a minimum opening balance of £1,000 and a maximum of £250,000.Anna Bowes of Savings Champion said: “Fixed rates seem to have peaked for now with the best buys coming down slightly since the end of last year.
“Variable rates, such as notice accounts, should see a bit of an increase after the expected base rate rise as they are more reactive to what happens to the base rate while fixed rates have already priced that in.” Andrew Hagger of Moneycomms added: “Fixed rate bonds are slowly drifting lower, but historically there are still some great rates to be had so now is a good time to lock away cash that you know you won’t need to lay your hands on for a while.”
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