Savers switch to easy-access accounts as a staggering £13bn floods out of fixed-rate bonds in just one year



Savers continue to abandon fixed-rate bonds in favour of easy-access accounts.
The number of savers looking for a fixed-rate deal dropped by almost 10 per cent in the past month, according to research from data monitors Moneyfacts.
Over the past year, a massive £13 billion has flowed out of fixed-rate bonds, Bank of England figures show.
Recently, rates on bonds from building societies and new banks have edged up - so those coming to the end of a one-year bond can increase their return if they renew now with a top-paying provider.
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22 November 2017 in Business, Views: 65
Source: Daily Mail
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