Page 3 - James Blower News Today

An increasing number of savers are turning their attention to fixed term savings deals as interest rates continue to rise.

This week, Georgie Frost and Lee Boyce are joined by a special guest: James Blower, AKA The Savings Guru, who gives his take on where savings rates are heading next.

A new best buy, one-year fixed rate savings deal has hit the market paying 3.2%. Union Bank of India (UK) launched the deal on Friday.

The 0.5 percentage point base rate increase is likely to drive up mortgage rates, with those on SVRs now paying £196 a month more on average than they were last November.

The 0.5 percentage point base rate increase is likely to drive up mortgage rates, with those on SVRs now paying £196 a month more on average than they were last November.

Britons were today already suffering financial pain after the interest rates announcement - with Santander saying almost immediately that mortgage repayment rates will go up.

Britons were today already suffering financial pain after the interest rates announcement - with Santander saying almost immediately that mortgage repayment rates will go up.

The Bank of England base rate has risen five times since December, from 0.1% to 1.25%. But some major providers are yet to pass on a penny to savers.

The Bank of England base rate has risen five times since December, from 0.1% to 1.25%. But some major providers are yet to pass on a penny to savers.

The king is dead, long live the king. It seems like with every passing week we have a new pretender at the top of our independent best buy savings tables .