The bank rate
ScarletKing
Is equivalent to about 1.663% using compound interest (which is higher than the 1% before)
If it is simple interest only (which I don’t think it is) it would be 1.2%
So in essence the savings rate has gone up slightly
2 votes, 39 points
Comments
ethan I always plus your blogs so you get +20 ❤️
By
ScarletKing,
10th of November 2025
Omg you have 20 points that’s so hot I’m jealous
By
Ethan,
10th of November 2025