Savers are being urged to “act now” ahead of the Bank of England’s Base Rate meeting next week or “risk” losing money.

The Base Rate has remained frozen at 5.25 percent since August 2023, which has held savings interest rates – and mortgage rates – high, in an effort to bring down the country’s soaring inflation.

With inflation now edging closer to the Government-set target of 2.3 percent, analysts suspect we could also be edging closer to a decision to reduce the Base Rate. But…