Savers have typically been earning lower rates of interest on easy access accounts which are closed to new business than the equivalent rates on “live” deals, according to analysis from a financial information website.

Moneyfactscompare.co.uk, which carried out the analysis, warned that some savers may find they are being “short-changed”.

Assessing data from the last two years, the incentive to switch from a closed savings account to a live deal is said to have grown…