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flag A UK bank’s interest miscalculation costs some savers £300 yearly, but corrections are underway.

flag A UK bank error is causing some savers with £10,000 balances to lose out on £300 in interest annually, according to reports. flag The mistake stems from a miscalculation in how interest is applied, affecting accounts that were supposed to earn a higher rate. flag Affected customers are being notified and will receive corrections, but some have already experienced reduced returns due to the error. flag The bank has acknowledged the issue and is working to resolve it.

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