Savings go down and mortgage rates up - papers 31st Dec

Banks and building societies are raising fixed mortgage rates for borrowers while lowering rates for savers, reports this morning's Daily Telegraph. The Bank of England has not altered interest rates for more than a year. However, some institutions have cut savers' rates this month although many are raising their mortgage rates in anticipation of an interest rate rise in the New Year. HBOS is cutting interest rates on branch-based accounts by up to 0.45 of a percentage point from today for Bank of Scotland customers, and by 0.15 of a point from Thursday for Halifax customers. ...