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Bank of England increases interest rates by 0.25 percentage points – how to make more of your savings

The Bank of England has raised interest rates by 0.25 percentage points to 4.25%. Here's what it means for savers and how they can make more of their savings.

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

This article is more than 1 year old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.

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Article history
Published: 23rd March 2023