The Bank of England has increased interest rates by a quarter of a percentage point to 4.25 per cent, despite the turmoil that has engulfed banking in recent weeks. The rise, which was in line with economists’ forecasts, comes a day after the latest data showed that the annual rate of… Read Full Article Here […]
Wall Street stocks declined and the yield on short-term US government debt soared after Federal Reserve chair Jay Powell warned that the central bank could more aggressively raise interest rates if the economy grows too quickly. Powell’s comments sent the yield on the policy-sensitive… Read Full Article Here FT
Pakistan’s central bank has raised lending rates by 300 basis points to 20 per cent, the highest of any country in Asia, as it struggles to contain rising prices and a deepening financial crisis. The announcement on Thursday came after the rupee fell more than 6 per cent against the US… Read Full Article Here […]
Andrew Bailey has signalled financial markets are wrong to assume the Bank of England will raise interest rates further, in a bid to convince investors that Britain’s economic outlook differs from the US and eurozone. The BoE governor said on Wednesday that the bank no longer presumed… Read Full Article Here FT
If you are reading this in the northern hemisphere — and subscribe to meteorological definition of the seasons — the good news is that we are rapidly heading into spring. And like the promise of warmer and longer days (not to mention daffodils for St David’s Day on Wednesday), there is some reason for cheer […]
But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
Savers have benefited from the Bank of England’s decision to raise the base rate 10 consecutive times in a row in the past year. While homeowners and people in debt have been straddled with hikes to their repayments, savings accounts have benefited from the central bank’s interventions when it comes to interest rates. As it […]
Monzo has confirmed the creation of its first ever Instant Access Savings Pot to help its seven million customers handle their money It is being introduced to the market with a competitive three percent AER variable interest rate for savers. This is the first savings pot of its kind that Monzo has launched which will […]
Savers can now benefit from seven percent interest on their savings as well as an extra £175 just for switching to first direct. Customers can save between £25 and £300 a month – up to £3,600 per year. As inflation continues to grow, and bills are on the rise, any chance to make savings work harder […]