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Bank of England Holds Rates Amid Rising Inflation Concerns

4/1/2026

38 8 Full Breakdown

Summary

Story summary

The Bank of England's Monetary Policy Committee has kept the bank base rate at 3.75%.
Savers are urged to seek better returns as inflation rises due to the war in Iran.
Zopa Bank offers a regular saver at 7.1% AER with deposits up to £300 monthly.
First Direct and Co-operative Bank provide 7% AER with account requirements.
Nationwide and Club Lloyds offer 6%–6.5%, and rates change frequently.

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Story summary

The Bank of England's Monetary Policy Committee has kept the bank base rate at 3.75%.
Savers are urged to seek better returns as inflation rises due to the war in Iran.
Zopa Bank offers a regular saver at 7.1% AER with deposits up to £300 monthly.
First Direct and Co-operative Bank provide 7% AER with account requirements.
Nationwide and Club Lloyds offer 6%–6.5%, and rates change frequently.