Regular articles on industry changes by our team.
Friday, July 11, 2014
Interest rates were kept on hold, once again, yesterday. The Bank Rate has been at 0.5pc since March 2009, helping borrowers and hurting savers.
The timing of the first increase, and even the expectation, is crucial to the pricing of savings, especially fixed rate deals, and mortgages. The best five-year fixed rate savings account, for example, improved from 3.11pc to 3.25pc last week, partly a result of signals from the Bank of England
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