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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Paypal to bring in major change for users as Bank of England hikes interest rate

PayPal Bank of England The Bank of England

Paypal will be upping the interest rate it charges its credit customers by 2% in September.

Credit customers have been informed of the hike in interest while the Bank of England's base rate has also risen.

Yesterday, the Bank of England announced that its base interest rate was to rise from 4.5% to 5%.

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