High Street fixed deals rise to 1.4 pc

Fixed rates in the High Street are finally starting to rise. Newcastle Building Society’s new one-year bond pays 1.4 pc fixed for a year, the top High Street rate available.

The best deal overall is 1.8 pc from Atom Bank, opened and operated through a phone or tablet app.

OakNorth pays 1.62 pc, which is offered through its website.

Skipton BS’s new easy-access Online Bonus Saver pays 1.02pc. This rate includes a bonus of 0.21 percentage points for the first 12 months after which it will drop to 0.81 pc.

Today, Yorkshire BS relaunches its branch and postal Single Access Saver at 1 pc. it allows you to take money out on one day a year.

After 12 months, it becomes a Triple Access Saver account, currently paying 0.65pc and giving you access on three days a year.

National Savings & investments has confirmed that its three-year bond, due out next month, will pay a fixed rate of 2.2 pc.

it will be sold on its website only for sums of up to £3,000.

Over the three-year term you will see a total £203.39 interest on the full £3,000. The bond is available to anyone age 16 or over.

if you cash in the investment Guaranteed Growth Bond before the end of the three-year term, you will pay a penalty of three months’ interest.