The bosses of the Britain’s biggest banks have been summoned by the financial watchdog over concerns that interest rates on savings are too low.
Higher Bank of England interest rates have led banks to put up mortgage costs. But savings rates are not rising as fast.
So, with costs spiralling, what can we do to better look after our money?
On the Sky News Daily, Sally Lockwood is joined by Sky’s business correspondent Paul Kelso, and Danni Hewson, Head of Financial Analysis at AJ Bell to find out what the rate disparity means for you, and if anything is likely to change any time soon.
You can listen to more from this episode on the Sky News app, or by clicking here to subscribe wherever you get your podcasts: https://podfollow.com/skynewsdaily
#moneyadvice #financialadvice #mortgage #banking #money
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Higher Bank of England interest rates have led banks to put up mortgage costs. But savings rates are not rising as fast.
So, with costs spiralling, what can we do to better look after our money?
On the Sky News Daily, Sally Lockwood is joined by Sky’s business correspondent Paul Kelso, and Danni Hewson, Head of Financial Analysis at AJ Bell to find out what the rate disparity means for you, and if anything is likely to change any time soon.
You can listen to more from this episode on the Sky News app, or by clicking here to subscribe wherever you get your podcasts: https://podfollow.com/skynewsdaily
#moneyadvice #financialadvice #mortgage #banking #money
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps:
Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8
Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
Sky News videos are also available in German here/Hier können Sie außerdem Sky News-Videos auf Deutsch finden: https://www.youtube.com/channel/UCHYg31l2xrF-Bj859nsOfnA
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
- Category
- World
- Tags
- mortgage, mortgage rates, mortgage interest rates
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