Bank of England holds rates at 5.25% AGAIN - what it means for mortgages and savings - News Summed Up

Bank of England holds rates at 5.25% AGAIN - what it means for mortgages and savings


Trackers follow the Bank of England's base rate plus a set percentage, for example base rate plus 0.75 per cent. > Check the best savings rates using This is Money's independent best buy tablesIs it downhill from here for savings rates? Rather than savings rates crashing down to earth, most experts are expecting a gradual decline over the coming months. Andrew Hagger, personal finance expert and founder of MoneyComms says he expects savings rates will slowly start to slip backAndrew Hagger said: 'I think it is downhill for savings rates from here, but there's no need for major panic. > Find the best easy-access savings rates hereThose with extra cash which they won't immediately need over the next year or two should consider fixed-rate savings.


Source: Daily Mail May 09, 2024 17:34 UTC



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