interest rate

Your Questions About Uk Banks Interest Rates

Helen asks… Placing a bet on UK interest rate moves? I understand that you can place a bet on the next meeting of the Bank of England. If they will change interest rates or what the number might be changed to. Similar to betting if it will snow on Christmas and other events which people […]

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Your Questions About Uk Banks Interest Rates

Michael asks… What effect does changing the UK bank rate have on inflation, AND WHY? Conventional, and generally accepted wisdom is that increasing interest rates cuts the supply of money and therefore reduces inflation. But:- 1. If the price of money goes up, why don’t suppliers of goods and services INCREASE their prices to compensate […]

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Your Questions About Uk Banks Interest Rates

Michael asks… How do interest rates relate to savings rates? In the UK, the Bank of England has them set @ 0.5% and I know this is to stimulate the economy because we are in a deflationary period. I know that the banks savings rates change in accordance to the bank of England’s rates but […]

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Your Questions About Uk Banks Interest Rates

Lisa asks… UK interest rates? Following the announcement from First Direct that they are suspending morthgages for new customers, 2 individual banks have raised the interest rates associated with their mortgages. If these banks are allowed to do this, what is the point of the Bank of England lowering base rates in the first place? […]

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Your Questions About Uk Banks Interest Rates

Thomas asks… what is a good site for comparing bank interest rates in uk for joit account? Pip answers: I am going to advise you differently. No website exists on the internet that fairly gives you the comparative information you need to make a fair judgement on the accounts offered by the banks. Joint Accounts […]

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