Good news for savers as savings provider increases interest rate to ‘attractive’ 3.45% | Personal Finance | Finance
Another bank has increased the interest rate for savers following the latest Bank of England rate rise.
The Bank of England base rate now sits at three percent following the latest increase of 0.75 percent in November.
Commenting on the deal, Rachel Springall, Finance Expert at Moneyfacts.co.uk, said: “Oxbury Bank has increased the rate on its 180-day notice account this week, which takes a prominent position in the notice account top rate tables.
“The Personal 180 Day Notice Account pays an attractive rate of 3.45 percent and may entice savers looking for a higher rate than can be achieved on an easy access account.”
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