#interest-rates

#interest-rates

Retail sales for June have increased by 0.9%, indicating a partial recovery for the sector following a 2.7% drop in May.

Nearly one in five (18%) of accounts include a bonus rate of 1.88% for nearly a year on average. Nearly half (44%) restrict the number of withdrawals, while 28% impose interest penalties for too many withdrawals and 16% have restrictions such as a high minimum balance or requiring customers to have a current account with them.

The Insolvency Service reported 2,043 company insolvencies in England and Wales in June 2025, an 8% drop from May 2025 and a 16% decline from June 2024.

Assumable mortgages, while offering potential advantages like lower interest rates, are not widely known or utilized for a number of reasons. These include the limited availability of assumable loans (primarily government-backed), the complexities of the assumption process, and the potential for higher upfront costs.

"The big banks' Q2 earnings results offer the first real pulse check for investors: are people borrowing? How's credit holding up?"

The year-on-year inflation in the UK rose to 3.6% in June, a reminder that the battle against inflation is far from over for many households.

You can try to negotiate your credit card interest rate, but it all depends on your history with the bank, including your payment history.

The average annual percentage yield for high-yield money market accounts is currently around 4.30%, with some banks offering rates exceeding 5.00%.

Cuts to Medicaid while slashing tax rates for the wealthiest could add six trillion dollars to the national debt, with severe impacts on average Americans' financial well-being.

The chances of a cut to the interest rate in August have dropped from 36 percent to 20 percent due to higher-than-expected inflation figures.

"Congress designed these programs to ensure that borrowers repay their loans, yet the Biden administration tried to illegally force taxpayers to foot the bill instead," Education Secretary Linda McMahon said.