Savers told to keep an eye on the base rate as US shifts up a gear
by Harriet Meyer from on (#YB5X)
The Federal Reserve last week raised interest rates, giving hope to Britain's beleaguered savers
Savers fearful of locking into pitiful interest rates may be enticed by a slew of accounts that guarantee returns from any future rate rises.
The move last week by the Federal Reserve in the US to raise interest rates for the first time since 2006 gave some hope of better returns on the horizon. Typically, the Bank of England has tended to follow US rates quite closely, but when it decides to follow suit remains a matter of speculation.
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