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.
Banks and building societies have hit savers by cutting rates in line with recent base rate drops. However, they've failed to cut borrowing rates accordingly, a report reveals today.
The cost of living froze in February compared to the same period last year, as one of the key measures of inflation fell to zero for the first time in 49 years.