Last week’s turmoil in the bond market at least has one silver lining – it is proving to be great news for savers.
Rates are rising on both fixed-rate bonds and cash Isas as providers jostle to sit at the top of the best buy tables.
The interest rate paid on government bonds is a benchmark for the cost of borrowing in our financial system. Higher rates feed through to mortgage deals – which are already rising – and savings rates on fixed-rate bonds.
Providers have to pay higher rates to attract savers and stop them shifting their cash into other products, such
To provide well-rounded coverage and a breadth of insight across various events, we rely on contributions from several staff writers, each bringing their own area of expertise to our publication.