| UPDATED: 22:41, Wed, Mar 17, 2021
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Bank account interest rates took a tumble back in March 2020, with the decision taken by the Bank of England to lower its base rate to 0.1 percent particularly affecting. Since then, providers and savers have been reckoning with lower rates and a lack of incentive to put money away. For those hoping to grow their funds, the circumstances have been dire, with many hunting for the best deals.
| UPDATED: 14:12, Thu, Feb 25, 2021
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TSB is a popular name on Britain’s high streets, with millions using the provider each year for their banking needs. Back in September 2020, the bank took the decision to launch its ‘Spend and Save’ current account, offering a number of features intended to help people progress in their money saving journey. Taking the offering one step further, today the provider unveiled ‘Spend and Save Plus’ - a new account which it states is designed to help customers feel more money confident.
BANK account interest rates have not been favourable recently, however, a new offering has been reopened by popular bank Marcus, providing a safe haven for savers.