British savers may not be making the most of their money investments by settling for sub-par interest rates. Banks all across the country are offering a wide range of savings accounts that allow customers to earn some extra money each month.
However, different banks will offer different competitive rates, with only a handful standing above the rest in relation to the Bank of England's (BoE) base rate.
The BoE base rate, which currently stands at 4.75%, is generally used by banks to help decide what they charge on loans and offer on savings.
When deciding on a savings account with the current base rate in mind, it's important to note that this rate may soon change on February 6 when the Monetary Policy Committee meets to decide whether to change it or not based on its assessment of the UK economy.
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