Interest rate

NS&I has launched its 'British Savings Bonds' – three-year fixed rate savings accounts first announced by the Chancellor in his Spring Budget last month. But they'll only pay 4.15% AER – a rate you can easily beat elsewhere. 

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. For mortgage borrowers, the situation is less clear-cut and will depend on what type of mortgage you have and when your deal ends.