Fixed-rate savings bonds: Savers can find interest of up to 5% on long-term fixed rate bonds, such as that offered by Coventry Building Society. Three-year bonds pay around 4% – both the Post Office and Lloyds Bank have a 4.1% three-year deal, while ICICI Bank, a UK subsidiary of an Indian bank, pays 4.25%. All are covered up to £50,000 by the Financial Services Compensation Scheme.

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