The campaign to attract savers' money continues and this week sees even more providers increasing rates or launching new accounts paying increased rates of interest. By Michelle Slade of moneyfacts.co.uk A large number of changes are to online-operated accounts, where the average rate is now 0.99pc, nearly double the 0.5pc average on branch-based accounts. However, it is fixed-rate bonds that remain the product of choice for providers, with 72 product changes announced this week. By comparison, those looking for a regular income on their money from a variable-rate account are out of favour. Research from Investec Private Bank has shown that savers looking for monthly interest are going to struggle to find a competitive rate. On a balance of £25,000, 36pc of accounts pay just 0.5pc or less, and 6pc of accounts pay less than...
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