One-year fixed savings rate at 11-month high

One-year fixed savings rate at 11-month high | moneyfacts.co.uk

It’s now been 11 months since base rate was cut to 0.25% in July 2016. and savings rates have dropped dramatically since then. However. there have been some signs of life recently. with challenger banks competing particularly heavily in the one-year sector.

Its now been 11 months since the Bank of England cut the base rate to 0.25%. and many savers will have felt the impact. with average interest rates on an almost continual downward spiral since then. However. there have been some signs of life recently. with challenger banks competing particularly heavily.

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