Preparing for a rate rise: common mistakes to avoid

Most of the trouble around preparing for a rate rise comes down to a handful of avoidable mistakes.

At Mosey Bank, we talk to customers about preparing for a rate rise most often when they're making a change - moving banks, hitting a milestone, or just reviewing where their money sits. The short version: understand the terms, compare what's actually on offer, and don't assume your current setup is still the best one for you.

If preparing for a rate rise applies to your situation, it's worth a 10-minute look at your account this month rather than leaving it for "someday." Small adjustments now tend to compound into real savings over a year.