UK banks shortchanging savers with ‘measly’ rates, says Which?

Some instant access accounts as low as 0.1% despite Bank of England's 4.5% base interest rate

UK banks are paying savers measly" rates on their cash even as the Bank of England has taken its base interest rate to the highest level in more than a decade, according to a study from the consumer group Which?.

Consumers face rates as low as 0.1% for some instant access savings accounts, Which? found.