Simple change that could more than double the interest you earn on your savings - News Summed Up

Simple change that could more than double the interest you earn on your savings


That's according to new figures from Moneyfacts.co.uk, showing the average easy access rate is now just 0.26%, but the average notice account on the market pays more than twice this - at 0.60%. "Notice accounts are a more niche area of the savings market, but they can provide an attractive return compared to easy access accounts." In fact, over two-thirds of the notice account market will pay 0.50% or more, whereas only a quarter of the easy access market will do the same. "If savers are thinking about opening a notice account, then speed is crucial to acquire the top rates. Top-paying notice accounts today according to Moneyfacts


Source: Daily Mirror June 23, 2020 12:44 UTC



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