Savings: Bank of England move to boost savings interest rates?

iStock_000006918404XSmallA joint move by the Bank of England and the Treasury could boost interest rates for savers. It was announced today, that from January next year, the Funding for Lending scheme will no longer be available to support mortgage lending, which could mean interest rates on savings accounts rise in the New Year. The scheme, first launched in August 2012, was designed to make it cheaper for banks and building societies to borrow money, by making £60 billion available to them at ...