Posts Tagged: Interest rates

SME’s Are Losing out Leaving Cash in the Bank

Figures from a YouGov survey show small to medium-sized businesses (SMEs) are missing out on better interest rates by leaving their cash with the Big Four banks. According to the survey some of the UK’s ‘challenger’ banks are now offering rates of up to 1.20 per cent for short-term deposits, none of the high street…

Read More

Will Growing Consumer Credit Be the Reason for a Rate Hike?

Rising household debt and consumer credit will be a key issue for the Bank of England’s Monetary Policy Committee as it decides whether to hike interest rates. Speaking at the London School of Economics this week, Mark Carney, said consumer credit rose at its fastest rate since 2005, climbing more than 10 per cent. The…

Read More