UK longer-term fixed bond rate dropped to 3.99% in September, lowest since Spring 2023.
In September, the average longer-term fixed bond rate in the UK dropped to 3.99%, the lowest since Spring 2023, down from 4.13% in August and 5.12% a year prior. The average long-term fixed ISA rate also declined to 3.92%. Easy access accounts saw a decrease to 3.07%. This trend reflects a broader decline in savings rates, potentially affecting savers' decisions regarding long-term investments, according to Moneyfacts.
September 16, 2024
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