Some savers will have been dealt a significant blow today as one bank cuts its savings rates below 4%. From today (July 8), Metro Bank is slashing the rate on its variable Current Limited Edition Savings account to 3.95%.
While new customers have been unable to sign up for the savings account, it still existed for individuals who signed up for the deal before it was taken off the market.
Customers will have been able to enjoy a generous savings rate of up to 5.22% if they opened a Current Limited Edition Instant Access Account or an Instant Cash ISA between November 10, 2023 and February 12, 2024.
Customers included in the change will have previously had one of the following rates: Those affected by today's change should have already been notified by Metro Bank, including the date when it would come into effect.
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