Five ways to take advantage of rising interest rates to boost your savings

Citation

Changwony F (2023) Five ways to take advantage of rising interest rates to boost your savings. The Conversation. 04.08.2023. https://theconversation.com/five-ways-to-take-advantage-of-rising-interest-rates-to-boost-your-savings-208853

Abstract
First paragraph: With the Bank of England base rate currently the highest it has been since early 2008, you may have a valuable opportunity to increase your earnings on pensions, investments and savings accounts. After all, when the central bank raises its main rate – the base rate, which is typically used as a benchmark for loans as well as savings accounts – it is trying to encourage people to spend less and save more.

Keywords
Investment; Banks; Interest rates; Savings; Bank of England; FCA; High cost of living; Motivate me

• Changwony-Conversation-2023