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After interest rate rise, why hasn't my savings rate gone up yet?

When the Bank of England announced the first increase in interest rates for a decade, savers across the country could be forgiven for giving a little cheer.

They’ve endured years of pathetic rates with returns on most accounts not even beating inflation.

Yet any small pang of joy experienced will have been extinguished as there hasn’t been a widespread increase in savings rates.

What’s going on? Are banks and building societ…
BBC News – Business

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