Positive news for savers is usually hard to come by, particularly in the last 18 months, which have seen plummeting interest rates. The Bank of England’s decision to slash its base rate to 0.1 percent – a figure which has not changed since, despite multiple reviews – has had a knock-on effect on more familiar providers with interest rates lowering also. However, there is a shred of hope according to the most recent analysis of savings accounts.
For some, the length of the notice period will be important, and thus the wide range of notice accounts is likely to work in their favour to help them choose a time period to suit them.
Others will focus less on this, and more on the interest rate they can actually achieve. In this sense, locking away money for a longer period of time could potentially be more advantageous.
Distribution Finance Capital Holdings plc (LON:DFCH) is UK specialist commercial lending and personal savings bank. From straightforward savings to practical finance solutions, our aim is to help customers manage and grow their business or savings. Founded as a specialist commercial lender in 2016, DF Capital was authorised as a bank in September 2020.