Whether or not you should fix your savings now or wait depends on your individual circ*mstances and financial goals, but with interest rates already falling, now could be the ideal time to lock your money in. Longer-term savings accounts, for example 2 or 3 year fixed rate bonds, are an attractive option for savers as they often guarantee good returns.
Another thing to consider is how long you plan to keep your savings fixed. If you know you’ll need access to your money in the short term, then fixing your savings for less than a year may be a good option for you. However, if you are saving for a long-term goal, such as retirement, then you may want to consider fixing your savings for a longer period of time. This will give you more certainty over how much interest you will earn over the long term.
Ultimately, the decision of whether or not to fix your savings is a personal one. There is no right or wrong answer, and the best decision for you will depend on your individual circ*mstances and financial goals.
