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Savings and Personal Finance

This section of the Money Jungle website provides information  on Saving and Personal Finance, and all is made clear about the many money saving and borrowing options available in the UK, buying or renting a home and how to reduce your utility and other household bills. Each part gives you an overview of the topic with recommended links to further expert advice and information.

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Mortgage payments, rent and household bills represent major expenditure for any household. We have now added pages on buying and renting a home and tips for reducing gas, electricity, phone, broadband and other household bills.

You will find comprehensive information about savings accounts including Individual Savings Accounts (ISAs), saving accounts for children, bank and building society accounts and pensions. The Savings and Personal Finance section also includes credit and debt, including credit cards, personal loans and mortgages.

See also the Money Jungle Invest section for information about all sorts of investment opportunities ranging from stocks and shares to property.

UK interest rates are reviewed monthly by the Bank of England's Monetary Policy Committee (MPC). The MPC is under pressure to respond to falling house prices and a weakening economy by cutting rates but its main responsibility is to use interest rates to control inflation. With world wide record oil and food prices pushing UK inflation up the MPC may be unable to cut rates significantly for some time. In some ways the Bank of England Lending rate is less important than the rates banks use to lend to each other. The credit crunch has resulted in mortgage rates rising despite cuts in the Bank of England rate, the good news for savers is that very high savings rates are available for anyone who shops around. See the My Money Jungle Blog for good savings rates available on line.

MoneyJungle.net is completely independent and does not accept advertising from disreputable firms. If you have any information to the contrary please email feedback@moneyjungle.net and we will respond. MoneyJungle.net is not responsible for the accuracy, copyright compliance, legality or decency of material contained in sites listed in the directory or in articles on this website.

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