💨 Abstract

Santander is reducing interest rates on its Good for Life ISA and Rate for Life savings accounts. The Good for Life ISA rate will drop from 4.5% to 4.25%, and the Rate for Life account rate will fall from 4.75% to 4.5%. The Bank of England recently cut the base rate, leading to lower savings rates at major banks like HSBC, Nationwide Building Society, and NatWest.

Courtesy: www.thesun.co.uk