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Savings rates

Despite recent increases, interest rates remain significantly below inflation.

With the UK Bank Base Rate increasing again in February to 4%, deposit rates continue to increase.

22nd March 2023

Looking at rates at the time of writing (on Monday 20 March) an indicative sample of the rates you can secure at present are as follows:

Source: Moneyfacts.co.uk 20.03.23

With interest rates rising rapidly, we typically see mortgage rates increase almost immediately but savings rates can take a little time to catch up.

We have not included institutions in the table above as rates change quickly. If you wish to review the interest rates you are getting currently, please do speak to your Old Mill financial planner.
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