UK savers face losing hundreds annually as fixed-rate accounts totaling £116 billion mature with lower rates.

Millions of UK savers face losing significant interest earnings as £116 billion in fixed-rate savings accounts, including ISAs, are set to expire by the end of the year. Average rates of about 4.5% could drop to around 2.4% for non-ISAs and 2.7% for ISAs, costing savers hundreds annually. Experts urge checking accounts and seeking better rates to avoid losses.