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Personal finance
Bank of England raises interest rates to 4% – what it means for savings rates and annuities
The Bank of England raised interest rates by 0.5% to 4% today. Here’s a look at what it means for savings rates and annuities.
Published Feb 2, 2023
Published
Feb 2, 2023
Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
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Written by
Helen Morrissey
Head of Retirement Analysis
Helen raises awareness of key retirement issues to help people build their resilience as they move towards their later life.
Sarah Coles
Head of Personal Finance
Sarah provides insight and analysis to the media on topics such as savings and financial planning, and co-presents HL's ‘Switch Your Money On' podcast.
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Article history
Published: 2nd February 2023