MoneySavingExpert News

Savings

Bank of England increases base rate to 5.25% - here's how it impacts your mortgage and savings

The Bank of England has increased the base rate from 5% to 5.25% - its highest level in over 15 years.

9 August 2023

Trying to open a Kroo account? There's an up to 10-day delay due to high demand – here's what you need to know

App-only bank Kroo has admitted it's taking up to 10 days to open some accounts as it struggles to meet demand after it launched a market-leading interest rate.

7 February 2023

Bank of England increases base rate to 3% – what the rise means for your mortgage and savings

This rate is used by the central bank to charge other banks and lenders when they borrow money – and so it influences what borrowers pay and what savers earn.

3 November 2022

Chip to charge for autosaving in October - but free alternatives are available

Savings app Chip will start charging customers with its standard free account for certain features, including its popular 'auto-saving' function, from 12 October 2022. Below we explain what's happening and the alternative accounts to consider.

5 September 2022

Bank of England increases base rate to 1.75% – what the rise means for your mortgage and savings

The Bank of England has increased the base rate to 1.75% from 1.25% - the biggest single rise in 27 years. This rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

9 August 2022

Bank of England base rate jumps to 0.5% – what the rise means for you

The rate is used by the central bank to charge other banks and lenders when they borrow money – and influences what borrowers pay and savers earn.

15 February 2022

Savings app Chip shakes up its membership plans – what this means for you

Savings app Chip has simplified its membership plan structure, reducing it from three plans to two, and has also added its autosaving feature to its free 'Chip' plan. These changes – which came into effect on 14 January – apply to both new and existing customers.

14 January 2022

Five major events set to impact your personal finances in 2022 - and what to do about them

From the reintroduction of costly European roaming charges to new rules around car and home insurance - here's a quick breakdown of five key events and changes that are set to impact your finances in early 2022 and, more importantly, what to do about them.

6 January 2022

Martin Lewis: A year of being debt-free is far more important than a Christmas splurge

Martin Lewis has warned households against splurging this Christmas, while also highlighting the importance of being honest about their finances in a bid to remain debt-free over the festive period and beyond. Read below and watch the clip from The Martin Lewis Money Show Christmas Special for more.

26 November 2021

Martin Lewis: Premium Bonds – are they worth it? New analysis

Premium Bonds can beat easy-access accounts if you're saving over £4,000, MoneySavingExpert.com founder Martin Lewis has revealed.

12 November 2021