Tesco is latest bank to cut interest rates by more than BoE base rate

Payments on internet saver and instant access savings accounts cut by 0.35 percentage points in November - more than 0.25 base rate reduction Tesco Bank has become the latest savings provider to cut interest rates for existing customers by more than the fall in the Bank of England base rate. The challenger bank will cut payments on its internet saver and instant access savings accounts by 0.35 percentage points in November: a steeper cut than the 0.25 percentage points reduction in the Bank base...