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Get a fixed loan that has a payment that you can afford on a fixed rate.
Those on a fixed rate won't be impacted until the end of their fixed term.
Borrowers on floating (variable) rates could swap with those on a fixed rate.
Broadly speaking, the clever borrower has kept on a variable rate, and the clever saver has locked their money away on a fixed rate.
"I'd encourage anyone on a fixed rate deal that has come to an end to switch again, as their default rates are poor in comparison to the best alternatives online," says Gareth Kloet, the head of utilities at price-comparison site confused.com.
Are you on a fixed rate energy tariff?
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The "standard variable rate", however, the rate people move on to after the end of a fixed rate deal, is likely to remain static at most banks and building societies.
With a blockchain-type product, messaging, financial or otherwise, the course is simple; it's a rotating option that grants whomever holds the "share" (see Stan Larimer and Daniel Larimer) a copy of the new blockchain product on a set date at a fixed rate.
The good news: It would turn the old Air Force base into a corporate dreamland, where many companies would pay virtually no taxes, could stay open on Sundays and holidays, would pay a fixed rate for overtime and would get expedited visas for all of their employees.
Some financial institutions must pay a fixed rate of interest on their liabilities even as the return on their assets shrivels.
The Halifax was paying a fixed rate of 8% interest on its children's regular saver account.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com