Savings rates have hit a five-year low as the Bank of England's base rate approached a record trough last month, figures show.
Research by the Bank of England suggests the average rate of interest for instant access savings accounts was just 0.81% last month.
Meanwhile, notice accounts saw their rates hit their lowest level on record at just 0.82%, 1.18% below December's base rate.
In April 2008, when the Bank of England's base rate was 5%, instant access rates averaged at 2.19%, while notice rates stood at 2.99%.
Cash ISA returns fell to an average of 3.02%, while fixed rate bond rates dropped to 2.09%, both record lows.
The Bank of England says its current figures were calculated before its last two cuts - totalling 150 basis points - were made.
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