The savings rate in January has fallen to historic lows since last August's cut in bank interest rates. 2. Predictability. The plan is made before the action, which aims to achieve the goals of the future, and to accomplish the next tasks and tasks. The fund's fourth consultation underlines the enormous uncertainty facing Britain in the ambitious task of negotiating an exit from the eu. Suppliers who use the regular contribution plan will not borrow money from the bank of England until late February. When the programme ends, the rates offered may start to improve, but it will be a slow process. 1. Industrial age One of the initial requirements will probably be that you are a UK resident and with regards to the type of bank account you are wanting to open, you may have to be over 18 years old. However, in case you are under this age you will probably find there are additional facilities available which can be designed designed for the needs you have. In any case, most providers may have several options you might want to check out before you decide with a final product. Last month, the bank said it expects to raise interest rates twice to keep inflation below 3 percentage points by the end of the decade.