Banks failed to pass on the recent rate rise, so you need to look hard for the best dealsWhen the Bank of England raised interest rates in August for just the second time in 10 years, many savers breathed a sigh of relief that a “lost decade”, where they saw paltry returns on their money, might finally be ending. Any relief was shortlived, however, as it became apparent that banks were mostly not passing on the increase. It is estimated that less than a third of variable-rate savings accounts saw any rise. So what should savers do to try and get some returns?
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