Interest rates for the chop in UK

Calcutta News.Net
Sunday 4th January, 2009

The Bank of England intends cutting interest rates further, in a move that will see rates at their lowest for over 300 years.

Savings accounts in Britain are soon expected to be returning below one percent.

More than 7 million bank customers already have savings accounts with interest rates at or below one percent.

Additional cuts could result in bank customers facing zero interest accounts.

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