While National Savings & Investment’s announced it was reversing planned cuts to some of its variable rate savings accounts, including Premium Bonds, it still pressed ahead with cuts to 10 fixed-rate deals. Those cuts came into force yesterday and will affect existing holders of its guaranteed growth and income bonds and fixed-interest savings certificates. Not … Read more
The nation’s savers are being offered top rates in an effort to line the Government’s coronavirus war chest. Despite interest rates plunging to record lows, National Savings and Investments (NS&I) has gone against the grain and abandoned plans to cut rewards which would have cost savers £200 million. The Treasury-backed bank says the U-turn is … Read more
A record number of savings accounts have disappeared over the last month as coronavirus shocked the savings market, new figures show. There were 180 savings accounts and tax-free Isas of all term lengths pulled from sale following a pair of Bank of England base rate cuts in March, according to research from financial information website … Read more
The picturesque market town of Hebden Bridge is just one of the many communities across Britain fearful of being pushed towards a cashless society. Situated eight miles west of Halifax, this West Yorkshire town is an artistic hub with more than 20 independent coffee houses and cafes – as well as dozens of boutique shops … Read more
Initiative aimed at improving financial education among young children extended online in response to coronavirus school closures By Jeff Prestridge, Financial Mail on Sunday Published: 21:54 BST, 18 April 2020 | Updated: 22:21 BST, 18 April 2020 An initiative aimed at improving financial education among young children will be extended online this week in response … Read more
Pointer: New tax year started on April 6 Thanks to the upheaval in our lives over the past few weeks, the start of a new tax year on April 6 will have passed many of us by. But it heralds a raft of key changes – some of which could have a positive effect on … Read more
There’s a new bank in town with a competitive one-year fixed-rate of 1.49%… but is Allica Bank a safe spot for your cash? Its one-year fixed-rate is enough for ninth place in our savings tables It pays more than well-known names like Goldman Sachs’ Marcus The London-based bank received its licence in September 2019, and … Read more
Money-saving app Snoop launches early in attempt to help consumers cut costs during coronavirus squeeze By Daily Mail City & Finance Reporter Published: 21:51 BST, 17 April 2020 | Updated: 22:16 BST, 17 April 2020 Money-saving app Snoop launched yesterday, earlier than expected in an attempt to help consumers cut costs in the coronavirus squeeze. … Read more
NS&I axes planned brutal rate cuts for Premium Bonds and other easy-access savings accounts – but fixed-rates will still plummet More than 21m people hold Premium Bonds which were due to be less generous The odds on a £1 Bond winning a prize were due to lengthen to 26,000 to 1 The number of winners … Read more
Savers have been handed a double blow as two market-leading easy-access deals have both disappeared within a week of each other. Marcus Bank cut its rate from 1.3 per cent to 1.2 per cent today, just a week after Virgin Money cut its then-market-leading 1.31 per cent Double Take E-Saver to 1.01 per cent. Although … Read more