United Kingdom

More misery for embattled savers with rates at an all-time low

Savers ave the choice of just 1,340 accounts while average rates have fallen yet again over the past year

Savers face a sharp drop in the number of accounts on offer and rates are at an all-time low.

There is a choice of just 1,340 accounts today, compared with 1,588 this time last year.

Meanwhile, average rates have fallen yet again over the past 12 months. The average easy-access account now paying 0.16 per cent, against 0.51 per cent a year ago, says Moneyfacts. 

Cash Isas have seen an even larger fall — down from 0.79 per cent to 0.22 per cent.

It is possible to get higher rates. Last week, Kent Reliance offered an easy-access cash Isa at a top rate of 0.45 per cent. 

It followed closely on the heels of Marcus by Goldman Sachs, which launched its first cash Isa at 0.4 per cent.

Savings accounts

Football news:

Griezmann spoke with Hamilton and visited the Mercedes boxes at the Spanish Grand Prix
Barcelona feels that Neymar used it. He said that he wanted to return, but extended his contract with PSG (RAC1)
Aubameyang to the Arsenal fans: We wanted to give you something good. I am sorry that we could not
Atletico did not lose at the Camp Nou. Busquets' injury is the turning point of the match (and the championship race?)
Verratti injured his knee ligaments in PSG training. Participation in the Euro is still in question
Neymar's contract in one picture. Mbappe wants the same one
Manchester United would like to sign Bellingham in the summer, not Sancho. Borussia do not intend to sell Jude