https://www.bbc.co.uk/news/business-45034372
We have a fixed mortgage and I have naff all savings anyway but is this going to have effect you? It's certainly a good move for the savers among you all!
Five interest rate facts
We have a fixed mortgage and I have naff all savings anyway but is this going to have effect you? It's certainly a good move for the savers among you all!
Five interest rate facts
- More than 3.5 million residential mortgages are on a variable or tracker rate
- The average standard variable rate mortgage is 4.72%
- On a £150,000 variable mortgage, a rise to 0.75% is likely to increase the annual cost by £224
- A Bank rate rise does not guarantee the equivalent increase in interest paid to savers
- No easy access savings account at a major High Street bank pays interest of more than 0.5%