Page 52 - First Direct News Today

Skipton Building Society has today launched a regular saver account paying 7.5% - the highest interest rate currently available with any bank or building society,

‘We are going to stay the course and get inflation down,’ Work and Pensions Secretary Mel Stride said

The value of mortgage applications submitted by first-time buyers reached £8bn in March, the highest amount in six months, data from a bank has shown.

The value of the first time-buyer market was more subdued in April, where the value of FTB applications totalled £6.2bn. This compares to £8bn in March which was up  up 42% from £5.6bn in February. Data supplied by CACI and analysed by First Direct reveals that though the April figure is down month-on-month, it is

Mortgage rates had stabilised last month after hitting a 14-year high in October after Liz Truss and Kwasi Kwartengs disastrous mini-Budget.

The consumer group said become even more important to get better returns on savings accounts amid the living costs squeeze.

Consumer group Which? said savers have been sitting on rates as low as 0.1 per cent in recent months, despite hikes in the Bank of England base rate.

Some instant access accounts as low as 0.1% despite Bank of England’s 4.5% base interest rate

The UKs cheapest and most expensive supermarkets have been revealed for the month of May, amid growing mortgage costs and a drop in housebuilding. Listen to the Sky News Daily podcast while you scroll for discussion on "greedflation" and what supermarkets spend their profits on.

Are savers still missing out on hundreds of pounds by not moving their cash for better interest rates?