This Is Money Show

Savings and mortgage rates rocketed after what must now always be known as the 'ill-fated mini-Budget', but even as the Bank of England continues to raise rates have they already peaked. The top fixed rate savings deals have edged down from their highest levels - a five-year fix can no longer be had above 5 per cent, for example, while the best two year fix is at 4.75 per cent. So, if you want to lock into a good savings deal, should you grab one now? Or did rates simply race ahead of the Bank of England and the next round of base rate rises will bump them up some more? On this podcast, Georgie Frost, Helen Crane and Simon Lambert look at the potential future of savings rates and why even if they are slightly off their peak, you should still move your money from old accounts. But if a dip in the top savings rates is bad, the easing of mortgage rates is good news. Average two and five-year fixed rates rocketed all the way to above 6.5 per cent. The best five-year fix is now down to 5.95 per cent. But thi