Rates on short-term fixed-rate bonds fall to a six-month low with the common now just 1.42%

The average rate on one-year bonds is now 1.42 per cent

The common price on one-year bonds is now 1.42 per cent

Interest charges on short-term fixed-rate bonds have fallen to a six-month low, in accordance to researchers Moneyfacts.

The common price on one-year bonds is now 1.42 per cent, and savers want to transfer shortly if they’re going to seize high charges.

These charges keep on sale for a mean 48 days in opposition to a earlier 62 days in January.

One of the newest to lower its price is Shawbrook Bank, which closed its one-year fixed-rate bond at 1.97 per cent yesterday and changed it with a new model at a much lower 1.65 per cent.

The greatest one-year price is 2 per cent with Kent Reliance and Metro Bank. For two years, PCF Bank pays 2.26 per cent.

THIS IS MONEY’S FIVE OF THE BEST SAVINGS DEALS

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