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Savers urged to lock in best deals before UK interest rate decision

With Bank of England meeting on 1 August, people are advised to take advantage of top-paying accounts now

Experts are split on whether there will be a UK interest rate cut on Thursday but most agree on one thing: savers should “act now” to lock into the best rates while they are still available.

All eyes will be on the Bank of England’s monetary policy committee when it meets on 1 August, although while some believe we could see it announce the first base rate cut in more than four years, others reckon we will have to wait until at least September.

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