The “wait-and-see” savings mistake to avoid: Savers urged to fix now and earn £624 extra interest

Some savers are waiting for savings rates to rise before moving to a fixed-rate account. But this could cost you hundreds

British poundnotes, calculator and pen on table
(Image credit: Getty Images)

It can be confusing trying to predict whether savings rates will rise or fall this year.

The Bank of England opted to keep the base rate at 4.25% earlier this month. Meanwhile, some savings rates have edged up while others have fallen.

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Ruth Emery
Contributing editor

Ruth is an award-winning financial journalist with more than 15 years' experience of working on national newspapers, websites and specialist magazines.

She is passionate about helping people feel more confident about their finances. She was previously editor of Times Money Mentor, and prior to that was deputy Money editor at The Sunday Times. 

A multi-award winning journalist, Ruth started her career on a pensions magazine at the FT Group, and has also worked at Money Observer and Money Advice Service. 

Outside of work, she is a mum to two young children, while also serving as a magistrate and an NHS volunteer.