Bank Rate
Highest Credit Card Interest Rates For 12 Years With Bank Rate At Lowest For 300 years
It will come as little surprise to many credit card holders that credit card interest rates are at their highest for 12 years. People know from their own experience how high credit card interest rates currently are but the website Moneyfacts.co.uk has highlighted this fact with a brief report showing that while the official bank [...]
Banks Explanation Of Mortgage Rates
There has been a lot of discussion about the fact that mortgage rates are significantly higher than the official bank rate. The British Bankers Association has released a document in which they attempt to explain why rates are as high as they are.
They obviously have their own points to make but it is an interesting [...]
Another Bank Rate Cut That Doesn’t Apply To Credit Cards?
Once again we have a cut in interest rates and this one is significant in that it takes interest rates to the lowest level they have ever been in the 315 year history of the Bank Of England.
The cut of 0.5% reduces the official bank rate to just 1.5% a figure we have never seen [...]
