10: Episode 10 - Interest Rates & How They Really Affect Your Finances

In Episode 10 of the Money Mechanics Podcast, Sarah Poynton explains the crucial role of interest rates and how they directly affect your finances. From understanding what an interest rate is to exploring how the Bank of England base rate influences inflation, savings, rent, and borrowing, Sarah breaks it all down in simple terms.

She also discusses the difference between fixed-rate and variable-rate mortgages, and how interest rates impact everything from your rent payments to the broader economy. Whether you’re renting, saving, or thinking about taking out a loan, this episode provides valuable insights on why interest rates matter—and why you should be paying attention. Tune in to learn how to make smarter financial decisions based on interest rate changes!