Banks forced to act as they need more money on back of house-buying frenzy, say analysts
Savings rates are creeping up from their all-time lows, providing a “spark of hope” for those looking for a better return on their cash, say analysts.
At the start of the new tax year in April, the best one-year fixed-rate savings account in the market paid interest of 0.65% but savers can now earn up to 0.85%, says Sarah Coles, a personal finance analyst at the investment firm Hargreaves Lansdown.
