Could a base rate rise improve my savings rate?

Could a base rate rise improve my savings rate? | moneyfacts.co.uk

With murmurings of a base rate rise. we could soon be edging back towards pre-crisis levels. But could a base rate rise improve savings rates?

Its now been a decade since we had a base rate rise – the last one occurred in July 2007. when it went from 5.5% to 5.75%. That kind of level seems almost incomprehensible compared with todays rate of 0.25%. but with murmurings of a rate rise happening in the not-too-distant future.

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