Barclays, NatWest and Santander reduce savings rates after Bank of England cut – see the full list

MILLIONS of savers face lower returns as major banks prepare to slash their savings rates. 

The move follows the Bank of England’s (BoE) decision to cut the base rate from 5% to 4.75% last week.

The base rate influences the interest rates banks offer to customers on a range of products like mortgages, credit cards and savings

While mortgage holders are celebrating lower rates as it reduces borrowing costs...