MoneySavingExpert News

Base Rate

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

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

Family Building Society launches two-year fixed savings account that tracks the base rate – here's how it works and how it compares

Family Building Society has unveiled a two-year fixed savings account that tracks the base rate. The launch comes as the market braces for further interest rate rises from the Bank of England as the central bank attempts to curb rising inflation.

4 November 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

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

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 1.25% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 1.25% from 1% 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.

21 June 2022

Bank of England increases base rate to 1% – what the rise means for your mortgage and savings

The Bank of England has increased base rates to 1% from 0.75% 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.

10 May 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