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UK fixed bond rates fell, reducing returns for savers despite inflation eroding real gains.
UK savers may lose out by staying with their current providers as fixed bond rates have declined, with the top one-year rate dropping to 4.45% from 4.95% a year earlier, reducing returns on a £10,000 deposit to £445 from £495.
Average three-year rates also fell slightly, while five-year bonds remained stable.
Inflation at 3.8% in August continues to erode real returns, prompting experts to urge savers to actively seek better deals, especially if their current rate is below 3.8%, as fixed bonds can still protect against future rate cuts.
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Las tasas de los bonos fijos del Reino Unido cayeron, lo que redujo los rendimientos para los ahorradores a pesar de que la inflación erosionó las ganancias reales.