MoneySavingExpert News

Bank of England

Bank of England increases base rate to 4.25% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 4% to 4.25%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

23 March 2023

Martin Lewis: What you need to know NOW about mortgage rates

MoneySavingExpert.com's founder Martin Lewis explains what you need to know now about mortgage rates in the latest episode of ITV's The Martin Lewis Money Show Live.

9 February 2023

Bank of England increases base rate to 4% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 3.5% to 4%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

2 February 2023

Bank of England increases base rate to 3.5% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 3% to 3.5%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

20 December 2022

Bank of England increases base rate to 3% – what the rise means for your mortgage and savings

This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

3 November 2022

Today is the last day to use paper £20 and £50 notes before they become unusable - check down the back of your sofa now

There's just days left before paper £20 and £50 notes are withdrawn from circulation, so act now before shops stop accepting them. You can spend the notes until, and including, Friday 30 September but after that you'll have to bank them or swap them.

30 September 2022

Bank of England increases base rate to 2.25% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate to 2.25% from 1.75%. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

27 September 2022

Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

9 August 2022

Thinking about fixing your mortgage for 10 years or longer? Here are the pros and cons

Fixing for a decade can be done for as little as 3.33% right now and is becoming more appealing as the Bank of England base rate continues to rise. But there are pros and cons to doing so - here's what to watch out for.

8 July 2022

Bank of England increases base rate to 0.75% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 0.75% from 0.5% after the Monetary Policy Committee (MPC) voted in favour of a rise. The base rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

30 March 2022