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Student Loan Interest Down to 2.5%

Happiness

Student loan interest rates have fallen for the second month in the row after the Bank of England lowered the base rate to 1.5%. This has led to the student loans interest, falling to 2.5%, this took effect from the 9th January. Good news! For an explanation of how the rate is set please see my previous post, when the interest rate went down in December to 3%.

Keep smiling!

Martyn

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2 Comments, Comment or Ping

  1. Not that it makes much difference the banks still take all our money and rip us off why not zero interest .

    anyways thanks for checking out my site and leaving a comment 🙂

    Make a pounds last blog post..Use scour to search the web and make $$$

  2. Martyn @ MMSNo Gravatar

    No problem thanks for visiting and commenting here. I agree with what you said. There comes a point where the interest rate ends up meaning nothing, with inflation being higher, money in the bank earns practically nothing or less. Any rate change becomes a token gesture. Completely worthless.

    Thanks again for visiting!
    Martyn

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