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Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Interest rates took a tumble as a result of the Bank of England’s decision to lower its base rate in March 2020 to 0.1 percent. Many familiar providers followed suit, making it a challenge for those who were hoping to grow their money. As the challenging situation continues for savers, speculation has mounted about the potential for negative interest rates. ....
| UPDATED: 14:36, Thu, Feb 25, 2021 Link copied Make the most of your money by signing up to our newsletter for FREE now SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Interest rates have unfortunately taken a tumble recently, as a result of the ongoing COVID-19 pandemic. The Bank of England reduced its base rate to a staggering low of 0.1 percent in March 2020, and has kept the rate at the same level since. This has had a knock on effect on banks and building societies across the UK, and thus on Britons who are wishing to put their money away to let it grow. ....