![Why now might NOT be the time to fix your savings at 5%](https://i.dailymail.co.uk/1s/2024/08/21/16/88773789-0-image-a-3_1724253676409.jpg)
Fixed-rate accounts have taken a beating since the Bank of England cut the base rate to 5 per earlier this month. With savers expected to pay £10.4bn in savings tax this year, here's why it could pay to put your savings in an Isa, even if it pays a lower rate.