Interest Rate 2024 Uk Calculator. Use the slider to set the interest rate. Use our inflation calculator to check how prices in the uk have changed over time, from 1209 to now.
In the first year, the interest on your £1000 is £50, calculated as 5% of £1000. There is widespread consensus that the bank of england will cut interest rates by a quarter percentage point (0.25%) in september, taking it to 4.75%.
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