Article 728K7 What the UK interest rate cut means for you, from mortgage deals to savings rates

What the UK interest rate cut means for you, from mortgage deals to savings rates

by
Rupert Jones
from World news | The Guardian on (#728K7)

Fourth cut this year is good news for homebuyers and those due to remortgage, but returns on easy-access savings accounts could drop

The Bank of England gave millions of borrowers an early Christmas present on Thursday when it cut interest rates from 4% to 3.75%. It is the fourth cut this year following reductions in February, May and August.

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