Last updated: 20th May 2022 12:00pm
Top easy access rates remain unchanged while best fixed rate bonds increase rates.
Fixed rate bonds have seen the largest rise in over a decade according to the latest data recorded in our UK Savings Trends Treasury Report. In fact, the average one-year bond rate rose month-on-month to 1.24% and stands at its highest level in over two years.
Added to this, the top rates in the fixed rate bond market this week saw a rise too with the one, two, three, and five year top rates all replaced by better offers. In the easy access market change was less volatile, while OakNorth Bank replaced one of its top rates in the notice market for a savings account only offered through the Raisin platform.