Experts say any savers looking to fix their rate should jump in now as they are unlikely to go any higher.
As the economy opens and homebuyers and businesses look to borrow again, banks are looking to savers to supply the funds.
James Blower, founder of consultancy The Savings Guru, says: Fixed-rate bonds fell to artificially low levels at the start of this year. Now that banks are lending again, that has been corrected. The top rate of 1 per cent is probably as good as they are going to get on a one-year bond. But if you are looking for a fixed-rate Isa, hold off for a week or so. Rates here have only just started to increase.
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