fixedrates

Zopa enters the cash savings competition as the new bank launches its first fixed-rates

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Zopa now offers savings accounts as the new bank launches its first fixed-rates: How do they stack up to the competition? Peer-to-peer lending platform Zopa was granted a banking licence in late June  It has launched fixed-rate accounts with credit cards coming soon  More competition in the savings market is good news for savers, with … Read more

Banks squeeze savers as one-year fixed-rates hit three-year low

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The great savings squeeze continues: Average one-year fixed rate now pays less than 1% as banks axe deals – will short-term accounts head even lower? The average one-year fixed-rate bond pays 0.99% and Isa 0.91% This is a fall of 0.16 and 0.23 percentage points since March respectively Savings rates have been falling this year … Read more