Returns cut from 1.45% on balances up to £5,000 despite expected rise in Bank of England base rate
Halifax has cut the interest rate it pays on its Kids’ Saver account, despite expectations of an imminent increase in the Bank of England base rate.
Savers into the account will have their returns cut from 1.45% to 1% on savings up to £5,000. On balances above that the account will continue to pay 0.01%,
