What higher rates mean for you
Published
In short
Mortgages, savings and bonds in plain terms.
When rates rise, borrowing costs more and saving pays more. Which side matters most depends on your balance sheet.
If you hold a fixed mortgage, little changes. If you carry variable debt, paying it down may be the best return you can find.
Cash and short bonds now earn more than they did. We review where your reserves sit and move them if it helps.