Warning over ‘zombie’ bank accounts costing you money ahead of interest rate update tomorrow

SAVERS have been issued a warning over “zombie” bank accounts costing them money ahead of a big interest rate update tomorrow.

Around £280billion is sitting in accounts paying zero interest, the latest data from the Bank of England (BoE) reveals.

GettyBillions of pounds’ worth of cash is sitting in accounts earning no interest[/caption]

The amount of cash sitting in these types of accounts has also risen by £51billion in the last year.

It comes as the BoE is widely...