Savings and mortgage base rates
Guide to the Bank of England’s base rate by Furness Building Society
What base rate rises mean for you
Rising inflation and interest rates can put significant pressure on families, so it’s natural to feel alarmed when the cost of living starts to creep up. With so much to consider when it comes to inflation, you may be wondering what savings and mortgage base rate rises mean for you. Or, more importantly, how you can best secure your finances for the future.
In this guide, we explain what the Bank of England base rate is, how the base rate affects mortgages and loans, plus whether or not interest will rise for savings accounts.