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Interest rate

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High street bank TSB has today slashed the headline interest rate it pays on its Classic Plus current account from 5% to 3%.
4 January 2017
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If you've a mortgage that's due to renew in 2017, your biggest financial risk may well be that rates will rise rapidly. They've been at historic lows and we've got used to that. Yet some of the cheapest deals, such as HSBC's 0.99% 2yr fix, have been axed this month. And the City's swap rates, one of the factors banks use to decide their fixed rates, have risen - eg, 5yr swaps are up from 0.35% in September to 0.87% now. This has all fuelled fears of further mortgage hikes.
21 December 2016
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Three of the country's best-paying current accounts will dramatically cut the interest and rewards they pay millions of customers early next year, MoneySavingExpert.com can reveal, as banks continue to slash headline rates on their top accounts.
11 October 2016
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The three market-leading regular savings accounts are cutting their interest rates from 6% to 5% for new account-holders - but if you've a current account with HSBC or First Direct, open a regular saver TODAY and you can still lock in 6% for a year.
29 September 2016
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The Bank of England cut the base rate - which underpins savings and many borrowing rates - from 0.5% to 0.25% last week, after seven years of no change. It also hinted the rate may fall again this year and cut its growth forecast for the UK economy.
10 August 2016
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Interest rates on two different Santander products have been cut this week as customers continue to wonder whether the bank is preparing to reduce the headline rate on its flagship 123 current account from 3% to 2%.
3 August 2016
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The prospect of banks charging personal customers for holding their savings remains unlikely, despite a warning by Royal Bank of Scotland (RBS) and NatWest to business and commercial customers that negative interest rates could become reality.
26 July 2016
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The Bank of England today kept the base rate at 0.5% – despite widespread predictions that it would cut the rate for the first time in more than seven years.
14 July 2016
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The mortgage market is "sitting on a ticking time bomb" because the EU and the UK regulator have failed to sort out "bonkers" new rules which mean homeowners are told they can't afford to get a cheaper mortgage deal, MoneySavingExpert.com founder Martin Lewis has warned.
14 December 2015

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