Interest Rates have increased minutes after Bank of England rate rise

No surprise that High Street lenders have reacted instantly to the Bank of England’s interest rate rise

For those customers that are on tracker deals linked to the base rate will see their rate increasing to 0.5%

Existing customers with fixed rate products will see no change during their fixed period

Mike Regnier, chief executive at Yorkshire Building Society, said: “It has been a tough few years for savers, so we’re delighted to be able to pass on the full bank rate increase.”

You can read the full article published in Express

Image credit: Photo by Breno Assis on Unsplash

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