INTEREST RATES RISE
It didn’t take long after the Bank of England raised interest rates last month for banks and building societies to increase their mortgage rates... but it took them a bit longer to decide what to do about savings rates. Some have passed on the full 0.25 per cent rise across all savings accounts, others have raised rates by less – or only increased rates on some accounts.
If you have money in an easy-access savings account with one of the main high street banks, you can do better by switching. According to savings website, Savingschampion.co.uk you could earn around one per cent more by moving your money to a best buy easy access account.