Why high street banks may not be best place for your regular savings

Wednesday, 21 May 2025

Why high street banks may not be best place for your regular savings

Several banks have announced rate reductions on their savings accounts since 8 May when the Bank of England cut the base rate to 4.25%.

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Bailey: Interest rate cut was a finely balanced decision [Video]

Bailey: Interest rate cut was a finely balanced decision

Bank of England governor Andrew Bailey says cutting the interest rate from 4.25% to 4% was a "finely balanced decision". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 00:55Published on September 5, 1034

Bailey: Uncertainty about path of future interest rates [Video]

Bailey: Uncertainty about path of future interest rates

Bank of England governor Andrew Bailey says there is "genuine uncertainty about the course of the direction" of interest rates, despite today's cut and his belief that the path will continue downwards. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 00:55Published on September 5, 0593

Bank of England cuts interest rate to 4% [Video]

Bank of England cuts interest rate to 4%

Bank of England governor Andrew Bailey announces an interest rate cut from 4.25% to 4%, adding that inflation is expected to hit 4% in September. Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN Duration: 01:01Published now