Banks have recently come under pressure from the FCA to align interest rates with the Bank of England Base Rate, and Barclays is next to revise its deals.
Barclays PLC (LSE:BARC) has finally cracked and lifted rates on its savings accounts, following weeks of scrutiny over the sluggishness of banks to pass on.
The Bank of England increased the base interest rate to five percent this week and several providers have since boosted the rates on their fixed rate accounts and other products.