Some UK current accounts pay interest on your money, similar to a savings account. This could be a real bonus, letting you manage and access your money when you need it - while also offering a little extra on your balance. In this guide, we’ll give you a rundown of the current acco...
It’s a double-edged sword for Chase customers, as the bank confirms it will stop paying interest on current account balances as it offers a boosted rate on its easy-access savings. The digital challenger will stop paying in-credit interest on current accounts for all customers from Monda...
Current Sterling Interest RatesBank of England Base Rate is 4.50%, effective from 6th February 2025.Business deposit accounts We advise changes to interest rates on these accounts in accordance with the provisions of the Customer Agreement. For full terms and conditions relating to each account, ...
Interest on sterling accounts is calculated on a 365 day basis. Interest on most other currency accounts (including US dollars and euro) is calculated on a 360 day basis. AER (Annual Equivalent Rate) is a notional rate, which illustrates what the credit interest rate would be if interest wer...
The former Governor of the Bank of England (BOE), Mark Carney, originally created a notional link between the UK unemployment rate and the BOE base rate before replacing this with 18 economic indicators which still inform the BOE's interest rate decision making today, under current Go...
"These things are important to everyone right across the UK economy as we all know it's the only way to get rising real incomes in the long term," she adds. Bank rate 'not on pre-set path' as governor preaches 'careful' approach ...
Investec Wealth & Investment (UK)In accordance with our current rate card, money in your portfolio will be held in a Pooled Client Money Account along with monies held on behalf of other clients. We will use a managed rate to calculate your interest and may at our discretion apply zero ...
After a difficult start to the week, with a steep fall on Monday, the main UK stock index the FTSE 100 is at a record high. The boost comes as investors anticipate another interest rate cut and associated cheaper borrowing. The index of the most valuable companies on the London Stock Exch...
UK-based digital bank Kroo has rolled out a two percent interest current account, with hopes to help Brits save more, as reported by AltFi. The new launch, dubbed the ‘2&2 model’, is aimed at Gen Z and millennials. It will give two percent AER on deposits up to GBP 85,000, ...
The Bank of England is expected to lower its benchmark bank rate by 25bps to 4.5% at its February 2025 meeting, the lowest level since early 2023, marking the third cut since it began reducing borrowing costs in August last year. Traders will closely watch for signals on the BoE’s poli...