1.12 can't make this up anymore.
I am not going to lie. I'd rather this than the alternative of a 5% base rate though.
Can always cancel the holiday if it gets too bad. Can't really cancel the house.
Funny though that my interest rates for my savings account are still sitting at 0.25% though......
Savings interest rates are much better now, you need to keep on top of it! They won't automatically bump up existing accounts. I've been shifting my ISAs around all the time, only last month I moved one from Skipton BS to Coventry BS, having prevously moved from Paragon in the summer. My current Coventry one is 2.25% and they've been on the ball in announcing it's going up to 2.85% on 1st December. Sometimes they go up, sometimes they bring out a new issue with a higher interest rate leaving the old ones there, sometimes they go up the full amount, sometimes they dont...
I'm actually "fairly OK" with the interest rate rises (ignoring inflation and the trashed economy for the moment) as I haven't got a mortage any more. I had a mortgage when interest rates were much higher and I had no savings. Now I've got no mortgage but quite a bit of savings, so I lost out then too in recent times when interest rates plummeted. But I'm happier now! TBH interest rates have been far too low in recent times and that's caused house prices to rocket stupidly. It could do with a bit of calming down.
I've got problems with energy prices though becuase I'm in an old, poorly insulated house with only electric heating. Average annual bill of £2,500? I wish.
Last edited: