Natalie Ceeney, the country’s leading authority on the damage done to communities when banks and cash machines close, says the Government and regulator have just ‘months left’ to introduce rules that will safeguard nationwide access to cash. Failure to act swiftly, she says, will leave hundreds of communities up and down the country facing an … Read more
An industry-devised workaround to allow the parents of disabled children access to otherwise-locked Child Trust Fund and Junior Isa savings without having to go to court could be given legal backing under proposals put forward by peers. Former Tory cabinet minister Lord Young and Labour’s Lord Blunkett have proposed an amendment to the Financial Services … Read more
Britain’s first agricultural bank in 100 years has launched a new best buy one-year fixed-rate bond, except for one catch: none of the interest will be paid to savers. Oxbury Bank, which opened its doors in early February and lends money solely to British farmers, has launched a new ‘Forest Saver’ that will plant trees … Read more
Don’t forget your new £20,000 Isa allowance: Looking beyond the big banks could boost returns eightfold The new tax year means a new allowance which can be spread across 4 accounts Savers can currently save £250,000 without paying tax on interest due to rates However rates could rise and Isas remain important for preserving your … Read more
Don’t forget your new £20,000 Isa allowance: Look beyond the big banks and you could boost your returns eightfold By Sylvia Morris For The Daily Mail Published: 22:01 BST, 6 April 2021 | Updated: 22:54 BST, 6 April 2021 With the new tax year comes a new £20,000 tax-free Isa allowance. For those keen to … Read more
The chairman of a parliamentary group that normally waves the flag for financial mutuals has criticised building societies for awarding chief executives five or six-figure bonuses last year while the country was in lockdown. Exclusive research by The Mail on Sunday shows that 23 building society bosses received bonuses last year, ranging from £3,000 to … Read more
A new financial services company has launched a debit card that allows families, friends and carers to manage an elderly person’s financial affairs through a virtual or physical debit card. The co-founder of GuardianCard, Nick Thompson, says the business and card were created to prevent the elderly being subjected to theft and other types of … Read more
Marcus Bank will FINALLY launch a best buy cash Isa next week after two years of hinting – will it help trigger a tax-free savings war? The bank will pay 0.4% tax-free interest to savers from 6 April onwards It does not allow previous year’s transfers or non-Marcus customers Marcus first hired a Isa product … Read more
Prize draw luck could run out: Three major banks now offer lottery-style accounts – but it may not pay in the long run By Sylvia Morris For The Daily Mail Published: 22:00 BST, 30 March 2021 | Updated: 22:00 BST, 30 March 2021 With interest rates close to zero, a savings account that offers the … Read more
The truth is, there’s no such thing as a single rate of inflation. Everyone will have their own because everyone in the country buys different goods and services from different shops and sellers. The changing price of dog food, for example, is not going to be relevant to someone who does not have a four-legged … Read more