The rates for short-term bonds with fixed interest rates fall to a low of six months, with the average now only 1.42%
The average rate on bonds with a maturity of one year is now 1.42 percent
The interest rate on fixed-income short-term bonds has fallen to a low of six months, according to researchers Moneyfacts.
The average rate on bonds with a maturity of one year is now 1.42 percent and savers must act quickly if they are to achieve top rates.
These rates remain on average 48 days against a previous 62 days in January on sale.
One of the newest to lower its speed is Shawbrook Bank, which closed its one-year fixed-rate bond at 1.97 percent yesterday and replaced it with a new version at a much lower 1.65 percent.
The best rate for one year is 2 percent with Kent Reliance and Metro Bank. PCF Bank pays 2.26 percent for two years.