UK savers urged to move fast for the best deals paying up to 4.5%

Despite the recent interest rate cut, many fixed-rate bond or easy-access account rates have held up longer than expected

Savers are being urged to shop around and move fast if they want to get hold of one of the competitive deals still available. These include one-year fixed-rate savings bonds paying up to 4.35% and an easy-access account with a rate of 4.5%.

The impact of the Bank of England's pre-Christmas interest rate cut - the sixth reduction since August 2024 - has been making itself felt, with reductions to rates on many savings accounts. But some best-buy savings rates have arguably held up better than one might have expected.