UK savers are being told not acting could potentially cost them hundreds of pounds

Savers are being encouraged to secure the highest-paying accounts within days as Britain prepares for another potential interest rate cut next week – a move predicted to prompt the swift withdrawal of top deals. The Bank of England's Monetary Policy Committee is set to meet next Thursday for its final decision of the year, and markets are factoring in a 91% likelihood of a cut, according to Daniel Casali of wealth manager Evelyn Partners.

He said: "There's a 91% chance they will cut rates based on the future markets and it's expected to fall. So there's one rate cut coming this year and a couple more next year. You probably want to lock in that high rate now before the Bank starts cutting."

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