Parents struggling in the coronavirus chaos find it hard to put money aside for kids as savings rates face hefty cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 14 April 2020 | Updated: 22:01 BST, 14 April 2020 Children’s savings rates are facing hefty cuts but there are still some generous Junior … Read more
An increasing number of savers with large pots are turning to platforms as they look to safely spread their money across multiple accounts to benefit from savings protection amid market turmoil caused by coronavirus. Savings platforms Flagstone, Hargreaves Lansdown Active Savings, Octopus Cash and Raisin allow savers to open accounts of different lengths with multiple … Read more
All too easy: The banks are relentlessly pursuing an agenda to take us away from using cash but it doesn’t work for everyone Slowly but surely, like a Number 9 bus, we are moving towards a cashless society where plastic and payment apps rule. Move over bank and building society branches run by tellers with friendly … Read more
For nearly 250 years, building societies have played an important part in maintaining the financial fabric of communities up and down the country. Providing loans for home buyers and a safe place for savers to squirrel away their hard-earned cash. Although their numbers have shrunk dramatically over the years, the stoic 43 that remain continue … Read more
This month, all adults across Britain have been given a new Isa allowance, meaning they can save or invest a further £20,000 without incurring capital gains tax or tax on income. It is sensible to shelter this money as early as possible to give it most time to grow. It is also important to ensure … Read more
An ultra-low numbered new £20 note sold for a whopping £7,500 at a behind closed doors auction this afternoon, far beyond its estimated price, This is Money can exclusively reveal. The polymer £20 featuring artist JMW Turner was auctioned off at Spink on 8 April to raise money for three charities, alongside more than 200 … Read more
Kick off your Isa New Year: Best easy access rate is 1.18% after many top-payers withdraw their best deals By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 23:06 BST, 7 April 2020 The top easy-access cash Isa rate is now 1.18% with the Family BS Market Tracker … Read more
Struggling families being offered improved overdraft facilities after our campaign By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 7 April 2020 | Updated: 23:07 BST, 7 April 2020 Struggling families are being offered improved overdraft facilities after action by the Financial Conduct Authority (FCA) The FCA suggested banks offer interest-free overdrafts of … Read more
Banks cut rates to bone (again): Thousands of savers will soon be earning next to nothing on their nest-eggs By Sylvia Morris For The Daily Mail Published: 21:50 BST, 7 April 2020 | Updated: 21:50 BST, 7 April 2020 Thousands of savers with big banks will soon be earning next to nothing on their nest-eggs … Read more
The last 5% savings deal goes up in smoke: Nationwide cuts its FlexDirect current account interest to 2% – and 22 other rates are also hit FlexDirect paid 5% interest for a year on balances of up to £2,500 It helped the building society gain nearly 550,000 switchers in 6 years It will be cut … Read more