Marcus Bank finally launches another savings account after 18 months… but the new one-year fixed-rate pays less than its original easy-access Marcus launched a 1.5% easy-access account in September 2018 Today it added to that with a new 1.45% short-term fix While the rate is not a best buy, it is a competitive rate and … Read more
Savers looking for monthly pocket money have been dealt a blow by the news one of the nation’s largest building societies will no longer pay monthly interest on its fixed-rate bonds. Yorkshire Building Society previously offered monthly interest payments to savers who held its one, two and three-year fixed-rate bonds and Isas, but now only … Read more
Lock into a fixed-rate savings deal now following two recent Bank of England base rate cuts in quick succession By Sylvia Morris For Daily Mail Published: 22:26 GMT, 24 March 2020 | Updated: 22:26 GMT, 24 March 2020 Savers should waste no time and look to lock into a fixed-rate deal now. In recent years … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more
With the emergency base rate cut, a Budget and markets crashing amidst the escalating coronavirus crisis, many will be worried about how this chaos will hit their finances. In theory, mortgage holders with tracker deals and most of those on standard variable rates and discount rates should see a slight reduction in their monthly bills … Read more