Lenders have increased rates on small loans by two-and-a-half fold since the credit crunch took hold despite interest rates dropping to their lowest-ever level in that time, research by MoneySavingExpert.com reveals.
Banks are raising easy access savings rates. Though they are still low historically, the best accounts pay over six times more than the 0.5% base rate.
Halifax has relaunched its cashback credit card, which pays users up to 1% of the amount they spend on it. For every £100 you rack-up on groceries or fuel, you’ll earn £1 (or 50p if you spend on anything else), up to a maximum of £150/year.
8 April 2009
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