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Savers benefit from the liquidity crisis as fixed rates rise again

Savers benefit from the liquidity crisis as fixed rates rise again

Category: Savings

Updated: 31/10/2008
First Published: 07/12/2007

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

It seems that some institutions had almost pre-empted the recommendations issued by the FSA on the 4th of December and are already assessing their funding and liquidity positions. As a result they are already attempting to bring in more funds through savings accounts.

We have seen the most dramatic change happen in the shorter term fixed rate savings account market, further adding to speculation that the institutions are hoping to build up their funds through savings account deposits.

The most recent changes to short-term fixed rate savings accounts deals are:

National Counties Building Society now offers 6.91% (min. 6-month term)

Icesave now offers 6.65% (min. 6-month term)

This is an excellent opportunity for savers to bag themselves an outstanding deal, but hurry, these kinds of deals don't last!

Savings Accounts Best Buys - Fixed Rates

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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