Interest

The Bank of England today announced it is holding the base rate at its 0.5% historic low for the 16th consecutive month.

The Bank of England should hike interest rates in the second half of 2010 and lift borrowing costs to 3.5% by the end of 2011 to control rising inflation, an economic report says today.

The Co-operative bank will launch the cheapest five-year fix in over a year tomorrow in a sign that longer-term mortgage deals are getting cheaper.

The new government says it will introduce measures to end unfair bank charges and limit many credit card stealth charges.

A sharp rise in the cost of living isn't generally good news, and April's Retail Prices Index (RPI) inflation measure, announced yesterday, shows a 19-year high of 5.3%.

Hundreds of thousands of homeowners with an interest-only mortgage could face a debt crisis when their loans mature, it is feared.

The Bank of England today announced it is holding the Base Rate at its 0.5% historic low for the 14th consecutive month.

Lenders have increased rates on small loans by two-and-a-half fold since the credit crunch took hold despite interest rates dropping to their lowest-ever level in that time, research by MoneySavingExpert.com reveals.

Too few people know the key cash machine rules – you can use any bank's cash machine for free, while ATMs that charge must tell you.

Mortgage rates are at their lowest level for a year so is now the time for homeowners to lock themselves into a cheap fixed rate deal?