Less than half of well-known banks beat BoE interest rate for savers

15 failed to pay more than BoE

clock • 1 min read
Six of the 15 brands offered better rates than the market average easy access interest rate of 0.17%.
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Six of the 15 brands offered better rates than the market average easy access interest rate of 0.17%.

Research from money comparison website Moneyfacts.co.uk has revealed well-known banks are failing to pay consumers a fair return on their non-invested savings.

The research found seven out of 15 well-known banking groups failed to pay more than the Bank of England base rate of 0.1%. Among them are HSBC, Lloyds, Natwest, Santander, TSB, Barclays, and The Co-operative...

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