There may be a quick fix for savers struggling to find a decent rate of return for their money: fixed rate bonds.
While interest rates are falling fast, fixed rate bonds are proving popular as the rate of return they deliver is guaranteed.
At the beginning of last year, the returns on fixed rate bonds were at their highest for several years and, despite having fallen in recent months, there are still some good deals to be found.
ICICI Bank UK continues to offer the top rate, paying 3.90% on its 12 month bond.
And if you're looking to tie in for longer, you can still get a rate of 3.75% from Coventry BS on its three year bond.
"The real return savers are receiving on their money is also improving as inflation continues to drop," said Michelle Slade, analyst at Moneyfacts.co.uk. "In fact, savers are effectively getting a higher real return now than they were last year, despite better rates being paid then, as inflation was significantly higher."
A word of warning: the market is moving fast and rates changing rapidly - so don't delay, fix it today!
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