Fixed-rate savings: should you lock in?

Опубликовано: 25 Февраль 2025
на канале: Be Clever With Your Cash

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Savings rates are significantly higher than they were two years ago but they’ve been falling for some time now. And with the Bank of England set to keep reducing the base rate in 2025, that could continue.

But does that mean you should opt for a fixed-rate savings account to protect you from tumbling rates? Amelia has all the information to help you make the best decision for your money.

W A T C H N E X T

10 Supermarket money saving hacks
   • 10 Supermarket money saving hacks

#bonds #savings #savingsbonds

TIME STAMPS

00:00 What is a fixed-rate savings bond?
00:39 The benefits of a fixed-rate bond
01:53 The cons of fixed-rate savings
03:00 Tax and fixed-rate savings
05:01 The best time to tie up your savings
06:30 The alternatives

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A B O U T A N D Y

Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.

DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.