Yorkshire Building Society is now offering 5% with a Loyalty Savings Account – are you eligible | Personal finance | Finance

After 12 months, the account will become an off-sale maturity account, a Six Access Saver, which currently pays 1.15%.

The Bank of England could raise the base interest rate again in August, to 1.75%.

Interest rates have already increased several times to fight against inflation, which reached 9.4%.

Research by GetAgent.co.uk has found that the proportion of household disposable income needed to cover the average mortgage repayment is by far the highest in a decade, reaching 27.6% so far in 2022 .

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