Ideally, you should pick a savings account with low or no fees. ATMs.If a savings account provides an ATM card, how much access would you have to fee-freeATMsin the bank's or credit union's network? Branches.Are you OK doing business solely online? Or do you want to be able to vi...
What next for interest rates - as central banks try to avoid unnecessary pain Unless there are more economic shocks there is a determination now that rates have started to move they will go in only one direction. Inflation held steady at 2.2% in August, in line with expectations and ...
The UK state pension is governed by the “triple lock” policy, which guarantees that pensions will rise annually by the highest of three figures: 2.5%, average wage growth, or the September inflation rate. Given that wage growth has recently been higher than inflat...
The housing market is one that has long complained about depressed activity due to high interest rates. Tim Bannister, Rightmove's property expert, said: "Whilst I wouldn't expect today's Base Rate cut to lead to a rush of activity - as mortgage rates are still high and won't drop sign...
There's no guaranteed investment strategy for when interest rates peak, but there are several potential investments that can help reduce risk and set your portfolio up for more gains in the months and years ahead. These are some of the best investments for falling interest rates: ...
Interest rates are currently on a downward trend. So, preparing for such scenarios involves strategic financial planning to maximise the benefits and to mitigate any risks. Here we explain some of the ways you could prepare financially for falling interest rates in the UK. ...
A simple definition of “interest rate” is the cost of borrowing money. When interest is charged on a loan, it means you’ll have to pay back more than you borrowed. But interest rates also apply to your savings — which are, in effect, a loan you’re extending to the bank. When...
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"What Was the Interest Rate Then?" presents twelve interest rate series for the United Kingdom and the United States. The rates presented here are not those associated with common experiences such as obtaining a mortgage or receiving interest on a bank account, but rather they are the rates ...
UK small caps tumbled in 2022 and spent much of 2023 treading water, as rising interest rates took their toll. Small caps are particularly vulnerable to rising rates, as they typically have more floating-rate debt than larger companies.