Credit card borrowing costs jump amid ‘onslaught’ of savings rate cuts
by Vicky Shaw
Dec 19, 2023
2 minutes
![](https://article-imgs.scribdassets.com/8o0p61hz40bt4524/images/fileS6J59C0U.jpg)
The savings market has experienced an “onslaught” of rate cuts, while borrowers looking to put some of their Christmas spending on a new credit card may find that conditions have become tougher, analysis by a financial information website indicates.
The average one-year fixed-rate bond fell to 5.13% at the start of December, from 5.36% at the start of November,
You’re reading a preview, subscribe to read more.
Start your free 30 days