Interest rates on fixed-rate savings bonds have reached a three-year high, with all top fixed-rate accounts paying 5% or more for the first time since 2023, according to Moneyfacts. Independent rate tables show GB Bank's five-year taxable fixed bond at 5.37%, while Shawbrook Bank's best tax-free Isa pays 5.25% on a five-year fix. The average one-year fixed rate rose to 4.41% and the longer-term rate to 4.49%, both after consecutive monthly increases, while the number of savings deals hit an all-time high of 2,654 in October 2026. The article urges savers to check their rates, noting that some high-street banks such as Barclays and NatWest pay just 1% on easy-access savings, whereas Hodge Bank offers 4.01%.
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Original headline: Interest on fixed savings accounts hits three - year high : Should you snap one up ?
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