Longer-term fixed savings rates dipped below 4% in September, says Moneyfacts
The IndependentSign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. The average longer-term fixed bond rate on the market fell to 3.99% at the start of September, down from 4.13% in early August, Moneyfacts found. Rachel Springall, a finance expert at Moneyfacts, said: “Those looking to lock in for longer will find the average longer-term fixed bond rate dipped below 4% for the first time since April 2023.” The average longer-term fixed Isa rate on offer at the start of September was 3.92%, down from 4.08% in August. In September last year, the average longer-term fixed Isa rate stood at 5.02%. The last time the longer-term fixed Isa rate was below 4% was in May 2023, at 3.89%, Moneyfacts said.
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