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Featured - Account Types
What type of savings account do you need?Find out about the different types of savings accounts available to suit a variety of needs.
Savings
ISAs
Residential
Buy to let
Specialist mortgages
Featured - Debt and your credit score
How debt impacts your credit scoreA healthy credit score has its benefits, so make sure you manage your debt correctly.
Loans
Featured - Life Insurance
Life InsuranceFor peace of mind that your loved ones will be supported financially after you die, consider taking our life insurance. Find out more and compare policies.
Home & vehicle
Health & travel
Featured - High interest current accounts
Find current accounts offering in-credit interest rates up to 5.00% AER.
Current accounts
Featured - Purchase Cards
Best purchase credit cardsExplore the best cards with a 0% introductory period.
Credit cards
Credit repair
Calculators & guides
Business savings
Business products
Business insurance
How much can I give as a cash gift?
How much can I give as a cash gift?Will your loved one's gift be tax affected?
Categories
Featured guides
Popular news
Latest news - by category
Other money & finance news
Featured Star Ratings categories
Other Star Ratings categories
Inflation slows but remains well above the Bank of England’s 2% target.
UK inflation dropped to 3.9% in the year to November, according to today’s announcement from the Office for National Statistics (ONS). This is down from 4.6% the previous month.
Inflation is an important measure which is used to determine how fast the prices of goods and services are rising. While inflation slowed in November, this doesn’t mean prices have got any cheaper, however. Instead, they continued to rise albeit at a slower rate than as last month.
Today’s announcement follows figures from October, which found inflation slowed dramatically from 6.7% to 4.6% - meeting the Government’s pledge to halve inflation by the end of the year. Eyes now turn towards the next milestone: the Bank of England’s 2% target.
Caption: UK inflation dropped to 3.9% in the year to November, but remains well above the Bank of England’s 2% target.
Last month saw the return of inflation-beating savings accounts after two years, and this latest drop in inflation means there are significantly more available now.
Challenger banks continue to dominate the top positions in the charts, with many offering enticing rates to raise capital in a competitive market. However, their readiness to pull popular products once funding targets have been reached can lead to a great deal of variation, and it’s vital that consumers strike while the iron is hot to secure the most favourable deal.
Many flexible accounts from big banks remain well below the market average, which offers a clear incentive for savers to search for switching opportunities. Savers must research prospective new accounts carefully, however, as terms, incentives and accessibility may differ. It remains a worthwhile exercise to consider splitting investments across easy access accounts and fixed bonds. There are also notice accounts to consider, though the best 30-day notice rates currently sit below the best easy access rates.
As we reach the latter days of the year, some may have less disposable income than usual, but there remain some enticing opportunities available for those who wish to explore them.
Our savings charts are regularly updated throughout the day to show you the best rates currently available. Alternatively, you can read our weekly savings and ISA roundups for further details on accounts offering some of the top rates.
All of our newsletters are available free by email to all Moneyfactscompare.co.uk users.
Send me Weekend Moneyfactscompare, Savers Friend, Companies Friend and selected third-party offers.
Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. Moneyfactscompare.co.uk will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
Long-term bonds edge higher as short-term accounts fall.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes an increased two-year fixed ISA from Aldermore, and a five-year fixed rate mortgage from first direct.
Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.
Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.
Each week the Moneyfactscompare.co.uk content team round up and discuss the very best savings rates available in the UK. Compare and apply today.
Long-term bonds edge higher as short-term accounts fall.
The Moneyfacts Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.
This week's selection includes an increased two-year fixed ISA from Aldermore, and a five-year fixed rate mortgage from first direct.
Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.
Alongside a new Moneyfacts Annual Star Rating, the ‘Easy to Open’ logo and filter will help consumers identify fuss-free accounts.
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Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.
Moneyfactscompare.co.uk will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by Moneyfactscompare.co.uk will always be from news@moneyfacts-news.co.uk. Be ScamSmart.