More misery for embattled savers with fewer accounts on offer and rates at an all-time low By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 20 April 2021 | Updated: 22:00 BST, 20 April 2021 Savers ave the choice of just 1,340 accounts while average rates have fallen yet again over the past year … Read more
M&G has said it will reopen its property fund on 10 May – nearly 18 months after it was suspended – offering some relief to trapped savers. The investment firm froze its £2.1billion Property Portfolio Fund in December 2019, fearing that Brexit had caused too much uncertainty and that it would not be able to … Read more
Woodford savers in new worry over ‘curious’ deal to invest their money into little-known US firm By Lucy White For The Daily Mail Published: 21:53 BST, 1 April 2021 | Updated: 21:53 BST, 1 April 2021 Link’s decision to invest more of Woodford victims’ money in a little-known firm called Mafic has been branded ‘very … Read more
Santander savers set to lose out as bank announces a string of rate cuts to come in next month By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 23 March 2021 | Updated: 22:01 GMT, 23 March 2021 Santander is slashing the rate on its Easy Isa from a lowly 0.1 per cent to a … Read more
Savers suffer worst year on record as rates plunge to 0.01% during Covid pandemic Money Mail analysis reveals that savers have forfeited an estimated £3.55billion in interest as a result of rates plummeting during the coronavirus pandemic Rates have tumbled from an average of 0.5 per cent to just 0.1 per cent rate By Fiona … Read more
How young savers can get a 25% bonus of up to £1,000 with the Lifetime Isa… but beware an expensive penalty if you don’t play by the rules Savers aged under 40 can open a Lifetime Isa and save up to £4,000 a year It is aimed at those buying a first home and can … Read more
How young savers can get a 25% bonus of up to £1,000 with the Lifetime Isa… but beware an expensive penalty if you don’t play by the rules Savers aged under 40 can open a Lifetime Isa and save up to £4,000 a year It is aimed at those buying a first home and can … Read more
M&G offers hope to trapped savers as it plans to reopen its long-suspended property fund By Daily Mail City & Finance Reporter Published: 22:47 GMT, 9 March 2021 | Updated: 22:47 GMT, 9 March 2021 M&G has said it may soon reopen its long-suspended property fund, offering some relief to trapped savers. The investment firm … Read more
Around 4,000 savers will have £210million in cash returned to them after Wyelands Bank was ordered, in an unprecedented move by the Bank of England, to repay all of its depositors in full. Holders of its 35 and 95-day notice accounts, which have paid zero interest after a succession of cuts, will be paid until … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, amid projections that they could raise just a few billion pounds. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings … Read more