Base Rate

Mortgage lenders are continuing to cut the cost of fixed rate deals for borrowers. Barclays this week became the latest lender to slash its rates, some of which are down by 0.5% points, following months of Bank of England base rate cuts.

The cost of living froze in February compared to the same period last year, as one of the key measures of inflation fell to zero for the first time in 49 years.

Thousands of disgruntled savers have backed a MoneySavingExpert.com campaign to force banks and building societies to come clean on the rate they pay.

Premium Bond holders were dealt a blow today after the interest rate that determines their chances of winning was slashed.