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This Is Money editor Simon Lambert explains what last week’s interest rate rise to 4% means for you and your savings in his latest video Q&A.

He explains why savers should not hesitate to take advantage of rates of 3% or more before they start falling.

And explains why rates could still be high when most fixed rate mortgages end.

Watch the video here:

Source: | This article originally belongs to Dailymail.co.uk

Original Article