There is currently a range of good fixed-rate savings bonds available for those looking to make the most of their cash, one expert has claimed.
Kevin Mountford, head of savings at Moneysupermarket.com, explained that despite the recent cut in interest rates by the Bank of England, banks are still keen to attract customers to their savings accounts .
He said: "While the current rate environment and last week's base rate cut would suggest customer pricing should start to come down, this has yet to be seen.
"This week Alliance and Leicester issued a fixed rate bond with a competitive 6.83 per cent AER."
However, he added that anyone who sees a good savings account deal should act as quickly as possible as no one can predict how long such deals will last.
Earlier this week, Roy Beale of Nationwide urged people to take of an individual savings account as they allow people to avoid paying tax on their savings.
Good savings accounts available, expert claims
Good savings accounts available, expert claims
Thu, 17 Apr 2008
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