UK savings rates are at a record low amid Covid-19 – it's time to shop around

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Over the past four months money has poured into savings accounts from people whose outgoings have fallen as a result of the coronavirus crisis. Figures from the Bank of England last week showed that £11.6bn was deposited in June, almost twice the £5.1bn averaged over the six months to February. This followed deposits of £57bn between March and May.

 

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