Another bank ups savings rates as providers compete to offer best deals in over a decade | Personal Finance | Finance

As savings rates increase week after week there has never been a more important time for Britons to check they are getting good rates.

Some banks are now offering up to five percent interest depending on how long savers can afford to lock their money away for and how much savings they have.

Derek Sprawling, savings director at Paragon Bank, said: “Providing savers with a range of options allows them the opportunity to research and select what is best for them and their circumstances, and I am delighted that we are today making these new rates available. 

“Whether it be a Paragon Fixed Rate ISA or Fixed Rate Savings account, savers can choose a timeframe and product that could help them grow their savings and plan for the future.”

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