Interest rates go up to 11.25%!

[Churchill]

Foreign Investors get their 3.6% on Govt bonds, so they are ok-ish, Bank on the other hand shafts all UK based savers including pensioners with this negative (relative to inflation) rate policy.

This is certainly not incompetence but deliberate policy that they refuse to admit to.

Get a fixed term savings account with the AA, they'll give you 3.6% net.

[ThomasSoerensen]

3.6% doesn't sound ok-ish. Who is buying them, is it foreign investors or is it the UK government?

I believe it is BoE that are buying. For newly created GBP. Quantitative easing and all that.