Tag Archives: base rate

Overdraft charges creep to highest recorded level ever

While the Bank of England’s base rate has been kept at its ultra-low rate for over three years now, the overdraft fees charged by banks and building societies have crept upwards to their highest recorded level ever, according to the Bank’s recently released figures.

Average instant access savings rate at three-year high

Recently conducted research has found that the interest rate on the average instant access savings account has reached its highest level in more than three years – provided that savers are willing to switch accounts regularly to secure the best rates.