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Why 2022 could be the year savings interest rates finally start to improve

Why 2022 could be the year savings interest rates finally start to improve

Best buy easy-access accounts: Rates creep higher

0.24 Firstly, the rates are a big improvement on the 0.4 per cent to 0.5 per cent range that the best buys have been in for most of 2021, since they started to fall from the 1 per cent level last September. Secondly, Coventry, Skipton and Investec are larger savings providers so have bigger balance sheets which can support the strong inflows of customers they will see with these rates. Whereas some of the small new entrants could only cope with the inflows these rates will generate for a couple of days, it is likely that these three will hold here for a few weeks and possibly into September.

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