Amid a low interest rate environment, Martin Lewis has regularly updated savers and mortgage holders on the latest best deals out there. This week is no different, as he has urged people to take action “urgently”.
For example, there are two-year fixes which stand at 0.95 percent.
Meanwhile, there are five-year fixes at 1.17 percent – although borrowers should be aware there are in some cases a hefty fee.
It means for some people with a mortgage, remortgaging now at these rates could mean they can end up making big savings.
Elsewhere today, there was further bad news for savers as inflation hit 2.1 percent.
This is a third consecutive increase from 0.4 percent in February.
Steven Cameron, Pensions Director at Aegon commented: “Today’s figures showed that consumer price inflation jumped to 2.1 percent for the year to May from 1.5 percent the previous month, the third consecutive increase from 0.4 percent in February.
“Significantly this has now exceeded the Bank of England’s two percent target.
“More importantly, there are strong indications from other economies that inflation will…
