[Neil]

Originally Posted by MargaretR

The bank rate has been at 0.5% for a while now.

The Bank of England is considering reducing it to below zero.

Paul Tucker: Bank chief raises the prospect of a base rate BELOW zero in bid to kickstart spending | Mail Online

....the banks would then need to charge savers for 'looking after' their money.
....which sounds like a variation on the savings tax inflicted on Cypriots.

I don't think it does, they would just be charging you for the service they provide.