Experts warn 5% UK savings rates may not last, signaling rate peak.
Context
What happened: NS&I raised rates on its British savings bonds, with several accounts now paying more than 5% for the first time in nearly three years. Experts warn attractive savings deals may not last.
Key numbers: One-year growth bond 4.99% (from 4.82%), two-year 5.07% (from 4.81%), three-year 5.1% (from 4.83%), five-year 5.17% (from 4.85%).
Why it matters: Moneyfactscompare's Rachel Springall says providers pull products once they attract enough savings cash. AJ Bell's Sarah Coles says you can still make more money elsewhere, and top rates may require less-well-known names.
Why it matters
Moneyfactscompare's Rachel Springall says providers pull products once they attract enough savings cash. AJ Bell's Sarah Coles says you can still make more money elsewhere, and top rates may require less-well-known names.