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It means millions of bank savers continue to receive a derisory 0.01 per cent of annual interest on their money in instant access savings accounts and cash Isas - 10p for every £1,000 saved.
It means millions of bank savers continue to receive a derisory 0.01 per cent of annual interest on their money in instant access savings accounts and cash Isas - 10p for every £1,000 saved.
Savers have a huge £967.4bn in easy access accounts and the big banks paying a pittance hold around two-thirds of the balances.
National Savings & Investments has hiked rates for the second time in two years
Treasury-backed bank is upping rate on three accounts to 0.35%, but this still falls far short of the best buys on the market.