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Ep66 The interest rate rise and your savings

Ep66 The interest rate rise and your savings

FromCash Chats UK Money & Personal Finance podcast


Ep66 The interest rate rise and your savings

FromCash Chats UK Money & Personal Finance podcast

ratings:
Length:
27 minutes
Released:
Aug 22, 2018
Format:
Podcast episode

Description

This week I talk about the recent interest rate and how it will affect you, mainly in terms of the return you can get on your savings. The Bank Of England increased the base rate of interest from 0.5% to 0.75% earlier this month, making it the highest rate we've seen since the financial crash. You'd expect this to be passed on to savers, but I think that's unlikely, especially when you consider what happend when rates rose last November.  I explain why, and share where I think are the best places to keep your savings. Plus, changes to Lloyds and Halifax current account rewards, and why I'd stay clear of the Asda Christmas Savings card. More at https://becleverwithyourcash.com/cashchats66
Released:
Aug 22, 2018
Format:
Podcast episode

Titles in the series (100)

Personal finance expert Andy Webb from BeCleverWithYourCash.com and Channel 5's Shop Smart Save Money chats with money bloggers, writers and experts to help you save, make and manage money. In 2019 Cash Chats was named Best Money Podcast at the SHOMO awards, with Andy's blog Be Clever With Your Cash winning Best Personal Finance Blog at the same event.