/ Jargons

Tracker bonds

A tracker bond is a type of savings account where the interest rate follows (tracks) the movements of another rate – most commonly the bank of England base rate. This means that your savings interest rate can go down as well as up.
You will normally have to keep your money in the account for a set term. You may not be able to get earlier access to your funds and, if you can, you will probably have to forfeit some interest for that privilege.

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Tracker bonds
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