Interest Rates
NS&I boosts investment account interest rateNational Savings & Investments (NS&I) has relaunched its Investment Account, making it a postal only account but offering a higher interest rate. |
Bank of England to cut growth forecast againThe Bank of England publishes its Quarterly Inflation Report tomorrow (16th May) against a background of a double-dip recession and stickier than expected inflation. |
Interest rates ‘set to stay at all-time low until 2013’Bank of England Governor Sir Mervyn King is expected to hint in Wednesday’s quarterly inflation report that interest rates will stay put until the end of next year. |
Principality unveils two year variable rate bondPrincipality has replaced its two year fixed rate bond with a variable rate product. The new bond is guaranteed not to drop below 3.3 per cent for two years. |
Bank of England decides against QE due to inflation riskThe Bank of England has decided to keep its powder dry on adding to the £325 billion programme of quantitative easing and to keep base rate at 0.50% for a 39th consecutive month. |
Will the Bank of England decide on more QE?The Bank of England's Monetary Policy Committee meets tomorrow and while it is certain that interest rates will stay at 0.50% for a 39th consecutive month the decision on QE is less clear cut. |
Close Brothers unveils three year fixed term deposit at 4%Close Brothers Savings has launched Premium Gold, a ‘best buy’ deposit account paying a fixed rate of four per cent AER. |
Sainsbury’s promises to beat competitors’ personal loan ratesSainsbury’s has pledged to beat rivals’ lending rates for customers who successfully apply for a standard personal loan with the supermarket bank. |
Tesco launches fixed-rate savings bond that pays 5%Tesco Bank has launched a new fixed-rate savings bond that pays five per cent and will be listed on the London Stock Exchange. |
Former MPC member Sentance says interest rates may riseA former member of the Bank of England's Monetary Policy Committee, Andrew Sentance says that the MPC may be considering a U-turn on interest rate policy due to sticky inflation. |
Million of homeowners could be affected by lenders rate risesAt least ten lenders have raised interest rates on some of their mortgage products for borrowers as signs emerge that mortgage costs are increasing. |
How to manage an interest-only mortgageThe FSA says 1.3 million people have an interest-only mortgage that matures by 2020 with no way to repay the capital. We show you how to manage the interest-only mortgage timebomb. |
Interest rates ‘could rise sooner rather than later’Interest rates may rise sooner than previously thought amid concerns that inflation is not falling as quickly as the Bank of England anticipated, a poll suggests. |
Fixed rate bond returns hit eight month peakSavers received a boost today as new figures showed the average one year fixed rate bond has reached 2.85 per cent, its highest level since August 2011. |
Bank minutes warn of sticky inflation as Posen drops vote for QETwo senior Bank of England policymakers Adam Posen and Paul Tucker have warned that inflation may take longer to fall to the bank's target of two per cent and Posen has dropped his call for more QE. |
QE and monetary policy penalising pensioners and savers, say MPsThe Government should compensate pensioners and savers who have been affected by quantitative easing (QE) and record low interest rates, according to MPs. |
Bank of England set to keep base rate at 0.50% and QE at £325bnThe Bank of England's Monetary Policy Committee (MPC) announces its monthly rate-setting decison on Thursday and no changes to monetary policy are expected. |
Yorkshire BS announce new fixed rate savings bond paying 3.20%The Yorkshire Building Society has launched a new fixed rate savings bonds that pays 3.20 per cent and allows access of up to 20 per cent of the funds before maturity. |
Santander releases new fixed rate and tracker savings bondsSantander has launched two new fixed rate savings bonds that pay up to 3.70% interest. They have also released a tracker bond that offers base rate plus 2.70%. |
Leeds BS launch new Isa for 2012-13 that pays 3.25%The Leeds Building Society has launched a new Isa available from Friday 6th April for the 2012-13 tax year that pays 3.25% and allows penalty-free instant access to 25% of the funds. |
Number of mortgages 'doubled in the past three years'Mortgage availability has almost doubled in the three years since the Bank of England base rate was first cut to its record 0.5 per cent low, new figures show. |
Post Office launches Premier Cash Isa paying 3.01%The Post Office has launched a new cash Isa for the 2012-13 tax year that is available online from Friday and pays interest of 3.01 per cent. |
Nationwide to launch new issue of MySave Online Plus accountThe Nationwide Building Society has launched a new issue of its MySave Online Plus account that pays 3.17 per cent if savers invest more than £25,000. |
Nationwide issues new fixed rate ISA ratesNationwide Building Society has issued new rates for some of its fixed rate ISAs. |
Bank's MPC votes 7-2 for no more QE but fears rising oil pricesThe minutes from the Bank of England's Monetary Policy Committee (MPC) meeting two weeks ago show a split decision on more quantitative easing but concerns over oil prices. |
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