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The Independent UK
The Independent UK
Business
Karl Matchett

Best savings accounts for your money in May 2025 before interest rates are cut

The Bank of England are expected to drop interest rates on 8 May when the Monetary Policy Committee meets - which means the rates you can get on your savings accounts will also likely come down.

While higher interest rates have certainly made paying off mortgages or other loans more difficult over the last couple of years, savers have benefited enormously from competitive rates and a battle between banks and building societies for their money.

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