Interest

Capital One will nearly double the interest rates it charges some credit card customers this spring.

"Brand new customers only" was once the comical slogan used to mock banks and building societies that hiked existing customer charges while lowering those for newbies.

A store card claiming to offer a 0% annual percentage rate (APR) charges the equivalent of over 130% interest on some typical borrowing.

Premium bond holders will soon see their chances of winning increase, as the prize fund 'interest rate' will rise from 1% to 1.5% on 1 Oct.

MBNA has shocked the credit card market by launching one of the cheapest debt-shifting deals seen in years.

The Bank of England today announced it is holding the base rate at 0.5% for the fifth consecutive month.