Funding for Lending Scheme: How does it work?


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PEOPLE blame today’s low savings returns on the Bank of England’s decision to slash base rates to near zero, but it is not the only culprit. Savers have even more reason to rue something called the Funding for Lending Scheme , which has unwittingly encouraged banks and building societies to snub savers and pay record low rates on deposits.
Daily Express :: Finance Feed

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