Interest

"Brand new customers only" was once the comical slogan used to mock banks and building societies that hiked existing customer charges while lowering those for newbies.

A store card claiming to offer a 0% annual percentage rate (APR) charges the equivalent of over 130% interest on some typical borrowing.

Premium bond holders will soon see their chances of winning increase, as the prize fund 'interest rate' will rise from 1% to 1.5% on 1 Oct.

MBNA has shocked the credit card market by launching one of the cheapest debt-shifting deals seen in years.

The Bank of England today announced it is holding the base rate at 0.5% for the fifth consecutive month.