Uk Bank Interest Rates. Half did not move after the last rate rise. Discover our best interest rates and charges for all of our Current Accounts and Savings Accounts today.
The base rate is set by the Bank of England and is used by banks and building societies as a guide to calculate interest rates - but they don't have to follow it.
Bank Rate determines the interest rate we pay to commercial banks that hold money with us.
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In its inflation report, the Bank said that an ageing population would hold relatively more. Bank of England warns coronavirus resurgence threatens UK economic recovery. Compare best UK deposit & savings account interest rates.
