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⍰ ASK How is electronic banking affected by changes in interest rates in UK?

cryptohunter

cryptohunter

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In the UK, when interest rates change, it can affect electronic banking in different ways. For savers, if rates go up, you might get more money from your savings account online. But if rates drop, your earnings could go down.

For folks investing through online banking, interest rate shifts can mess with how well your investments do. It can affect things like bonds and other investments tied to interest rates.
 

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