On this day in 2009 the Bank of England lop interest rates to 0.5%. We compare Guardian Moneys best-buy tables then with what’s on offer now – and view at where you should move your cashNot many experts thought that the “emergency” base rate lop to 0.5% on March 5,2009 would final for long. But seven years later savers have lost around £160bn in interest, while the prospect of rate rises are slipping further into the distance.
In the instant aftermath of the lop to 0.5%, or rates for savers remained relatively high.
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Source: theguardian.com