Savings update: rates fall in expectation of interest rate cut

Sylvia Morris

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Fixed-rate deals continue to fall ahead of the expected cut in Bank of England base rate next month from 0.5 to 0.25%.

Fixed-rate deals continue to fall ahead of the expected cut in Bank of England base rate next month from 0.5 to 0.25%.

Charter Savings Bank has cut the rate on its one-year fixed rate bond to 1.66% before tax (1.33% after tax), down from last week's 1.79% (1.43%). It is the top online bond on offer.

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Source Moneywise http://ift.tt/2aFUUDW