Some could lose well over £200 thanks to a rule change coming this week
Savers are being warned to take action before Thursday, August 29, or risk losing money. Two of the UK’s biggest banks are preparing to drop their easy-access rates this Thursday. Both NatWest and RBS plan to lower the interest rates on their main easy-access savings product down from 1.75% to 1.6%.
Louise Bastock, savings expert at finder.com said: “Many Brits are unaware that their savings might be gathering dust in accounts which aren’t paying competitive interest rates. Our research revealed that a quarter of those with bank accounts don’t know what their current interest rate is but it’s so important to make sure that your money is working as hard as it can for you.
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