Bank of England

The Government's Help to Buy mortgage guarantee scheme - part of its flagship programme to boost home ownership – will close to new mortgages on 31 December 2016, it was announced today.

At least seven mortgage lenders have yet to cut their standard variable rates (SVRs) following last month's base rate cut, as the Bank of England is due to meet again today to set interest rates.

The Bank of England today kept the base rate at 0.25% – resisting temptation to make further changes to the rate a month after it fell to a historic low.

The plastic fiver enters circulation today with the Bank of England promising the new note will be a stronger and more secure upgrade on its paper predecessor.

Mortgage lenders that have not yet passed on Bank of England (BoE) base rate savings to their customers could attract the attention of the regulator as it carries out a study into mortgage competition.

High street bank TSB i s reviewing the 5% rate it pays out to savers on its best-buy Classic Plus account, MoneySavingExpert.com understands.

The Bank of England has cut the base rate for the first time in more than seven years, reducing it from 0.5% to a new historic low of 0.25%.

Interest rates on two different Santander products have been cut this week as customers continue to wonder whether the bank is preparing to reduce the headline rate on its flagship 123 current account from 3% to 2%.

The prospect of banks charging personal customers for holding their savings remains unlikely, despite a warning by Royal Bank of Scotland (RBS) and NatWest to business and commercial customers that negative interest rates could become reality.