Interest Rates - rates

mick_1967

what did the bank decide to do with the rates this month, cant see anything on line?

kmmr

held at 0.50%

davies0121

If you ever want to know that information in the future. Goto the bank of england website (would post the link but not allowed for some reason?). I work offshore and use it to keep posted on any changes. :beer:

brit1234

kmmr wrote: »

held at 0.50%

not good for us savers, sooner rates go up the better for the prudent.

rothers

I would consider myself fairly prudent. Not a massive amount in savings but no loans, credit cards etc. My only debt is my mortgage which is about 55% loan to value. I would love interest rates to stay as they are for as long as possible as I'm on a lifetime tracker of 0.17% above BoE Base Rate.

I guess what I am trying to say is that not all prudent people have savings greater than their debts (mortgage).

oneandonlyboy

Good point rothers but you need savers to keep banks and alike going. With low interests people are looking at what they can do with there saving ie paying off their mortgage etc. but you also have the old who have saved all their lives and lived off the interest but now are finding it hard going. Things will change soon and i can see the interest rates going up soon as banks will want to recoup more money.