Race for UK banks to repay £100bn in Covid loans could help savers
TheGuardian
AUGUST 18, 2024
Lenders may look to attract more deposits from savers to raise funds to repay Bank of England pandemic-era loans Britain’s biggest banks are facing a deadline to repay more than £100bn of pandemic-era loans, which experts say could benefit savers as banks and building societies compete for customers with attractive rates in a “messy” dash for cash. More than 70 lenders ranging from high street banks and building societies such as HSBC and Nationwide to digital and specialist lenders such as Star
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