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Loyal savers at Barclays and Lloyds Bank are urged to reassess their savings accounts, as many are missing out on better interest rates amid rising inflation. With some easy-access accounts offering as low as 1%, switching to more competitive options could yield significantly higher returns, potentially increasing earnings from £100 to £300 annually on a £10,000 deposit. As the new tax year approaches, several providers have enhanced their rates, making it crucial for savers to explore their options and maximize their savings potential.
Shawbrook Bank is preparing for an Initial Public Offering (IPO) potentially in the first half of 2025, with a valuation estimated at around £2 billion. The bank, which focuses on niche lending and has a strong customer experience, reported an annualised loan book of £15.1 billion and a growing deposit book of £15.2 billion. Despite past ethical concerns, it aims to enhance social mobility and champion diversity while investing in technology and innovation.
Shawbrook Bank Ltd.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
loyal savers urged to switch accounts for better interest rates
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Shawbrook Bank plans IPO in 2025 with valuation around two billion pounds
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