Intelligent Finance lowers rates

Telenet bank Intelligent Finance has lowered interest rates on its mortgage, savings and current accounts in line with the Bank of England's most recent base rate reduction of 0.25%. The bank has also reduced its personal loan rate. Chief executive Jim Spowart said: "This latest fall in base rates has enabled us to cut the costs of borrowing further but has also forced us to reconsider the rates available on our current accounts and savings." "The 'connectivity' of our products, however, means that changes in our current account and savings rates have less of an impact for many of o...