SAVERS need to be on their toes to grab the top-paying fixed-rate bonds. While some banks and building societies have cut the rate savers get, others are launching top-paying accounts to take their place.
Last week, Nationwide cut the rates it pays to new savers. Its three-year bond, which paid 3.36pc after tax (4.2pc before) was replaced with one paying between 2.92pc (3.65pc) and 3.12pc (3.95pc), depending on the account's balance.
But Barnsley BS has launched a three-year fixed-rate internet-based account at 3.24pc (4.05pc), fixed for three years. Other good threeyear deals include Sainsbury's Bank at 3.28pc (4.10pc) and Saga, open to those aged 50 and over only, at 3.36 pc (4.2 pc).
Nationwide's three subsidiaries, Cheshire, Derbyshire and Dunfermline building societies, all pay 3.32pc (4.15pc) through their branches.
Top one-year fixed-rate bonds come from internet bank FirstSave at 2.8pc (3.5pc) and Tesco, Barnsley BS at 2.72pc (3.4 pc) and Sainsbury's at 2.60 pc (3.35 pc).
Among the best deals from large banks and building societies with a large branch network is Santander at 2.52pc (3.15 pc). The Nationwide trio pay 2.56 pc (3.2 pc) fixed for one year through their branches.
On two-year deals Santander pays 3.2pc (4pc) on balances of [pounds sterling]25,000 or more fixed until July 7, 2013 -- the top rate in the High Street.
For smaller balances Halifax pays 3.04pc (3.8pc) on [pounds sterling]500 plus.
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