💨 Abstract

Monzo Bank is reducing the interest rate on its Personal Instant Access Savings Pots from 3.50% to 3.25% AER on May 27, 2025, following the Bank of England's base rate cut from 4.5% to 4.25%. This move, along with others like Barclays, Nationwide, and Lloyds, comes as banks adjust their mortgage and savings rates in response to the lower base rate.

Courtesy: www.thesun.co.uk