Good news for savers as bank raises interest rates across savings accounts

1 min read

“Our 28-day rate guarantee ensures that any customers part way through the application process already, or with an imminent maturity with us, will also benefit from our new rates automatically.”

As a result of the ongoing COVID-19 pandemic, savings have been suffering.

This was partly due to the Bank of England’s decision to lower its base rate to 0.1 percent in March 2020, which has not changed since.

While rates are still low, savers have been given hope as retail banks are regularly increasing what’s on offer.

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