Rate raised to 3.8% after Bank of England ‘super-hike’
IN BRIEF:
The Bank of England has increased its base rate by 0.5 per cent to 5 per cent, its highest level since
The rate will increase from its current 3.3 per cent AER from 3 July 2023
Savers can earn interest on deposits up to £500,000
What does this mean?
"We've increased the rate on our easy access saver account to help customers make the most of their money and support them in reaching their savings goals. We know customers value flexibility and instant access to savings, without being charged fees, so they can manage their money in a way that best suits them,” said Shaun Port, Managing Director for Everyday Banking at Chase.
