Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

The first fall in interest rates for four years is a boost for some but is not enough for others.

The choice of savings accounts at its highest since 2012, but the interest paid could fall soon.

A quarter of UK adults have less than £100 tucked away, but a report says a savings habit aids mental wellbeing.

Indians, traditionally known as avid savers, are now stashing away less money and borrowing more.

The banking group's results showed it had made less money from loans and mortgages compared with last year.

Theo already has £600 in savings and plans to have £10,000 by the time he he is 18.