MoneySavingExpert News

Bank of England

Bank of England holds base rate at 5.25% for the fifth time – here's what it means for your savings and mortgage

The 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. We explain what it means for you.

26 March 2024

Bank of England holds base rate at 5.25% yet again – what it means for your savings and mortgage

The Bank of England held the base rate at 5.25% for the fourth time in a row on Thursday 1 February. 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.

6 February 2024

Bank of England holds base rate at 5.25% again – here's what it means for your mortgage and savings

The Bank of England has today held its base rate at 5.25% for the third time in a row.

19 December 2023

Two-year fixed mortgages drop below 5% for the first time in months – but should you fix now?

Rates on two-year fixed mortgage deals have dipped below 5% for the first time in five months. But brokers believe fixed deals could get even cheaper – so should you fix now or hold out?

14 November 2023

Should you fix your mortgage and savings now as Bank of England holds base rate at 5.25%? Your options explained

Savers should consider locking in a top fixed rate now as the Bank of England has held the base rate at 5.25% for the second time in a row.

2 November 2023

Mortgage rates fall as Bank of England unexpectedly holds UK rates – so should you fix?

Interest rates on fixed mortgage deals have been edging down over the past few weeks with some five and 10-year fixes now at below 5%.

26 September 2023

Bank of England increases base rate to 5.25% - here's how it impacts your mortgage and savings

The Bank of England has increased the base rate from 5% to 5.25% - its highest level in over 15 years.

9 August 2023

Bank of England increases base rate to 5% - here's how it impacts your mortgage and savings

The Bank of England has increased the base rate from 4.5% to 5% - taking it to its highest level since the 2008 financial crisis.

29 June 2023

Bank of England increases base rate to 4.5% - what the rise means for your mortgage and savings

The Bank of England has increased the base rate from 4.25% to 4.5%. 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.

15 May 2023

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.

28 March 2023