Savers are being urged to act urgently to ensure they lock in the top rates before they are pulled or lowered.
Finance experts are urging people with a savings account to make sure they are getting the best real-term rate possible for their money following the recent announcement the September Consumer Price Index inflation rate figure was 6.7 per cent. Moneyfactscompare.co.uk also warns popular savings accounts may be pulled or their rates could decrease, at any moment.
He added: “However, people should be aware that popular accounts may be pulled or their rates could decrease, so swiftness to secure the best option is key.” “Providers have again been especially willing to raise the bar on ISAs this month, with several notable improvements made across the market. With the choice of ISA products among the highest levels on our records, and variable rates still rising, now may be a good time to consider options in this area.
“Act urgently to ensure you lock in the top rates for your savings. Flexibility and swift action are paramount."
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