Banks withdraw savings accounts after base rate is slashed to a joint record low of 0.25% By Fiona Parker For The Daily Mail Published: 21:51 GMT, 13 March 2020 | Updated: 21:59 GMT, 13 March 2020 Banks and building societies have rushed to pull more than 25 savings accounts, dealing another blow to long-suffering savers. … Read more
The havoc in the stock markets caused by the oil price war, coronavirus and the US travel ban has left one group of private investors particularly out-of-pocket and angry. These are investors in index-trackers which have been hard hit in the nerve-jangling rollercoaster of the past week. As we stand on the brink of a … Read more
Banks and building societies have already started slashing rates on some of the best savings deals, just two days after the Bank of England announced an emergency base rate cut to 0.25 per cent. Three of the seven highest-paying easy-access accounts have either been pulled from sale or seen their rates cut, while some of … Read more
Doing it for the kids! Budget hands young savers a boost as Junior Isa allowances more than double to £9,000 from April Junior Isas were introduced in 2012 and replaced Child Trust Funds Both currently allow those aged under 18 to save up to £4,368 tax-free a year This will be upped by 106% in … Read more
Who would be in Rishi Sunak’s shoes? The young Chancellor – he is yet to turn 40 –has only been in Number 11 for about a month, after the previous occupant unexpectedly resigned. No wonder he has been fortifying himself with cups of strong Yorkshire Tea. By all accounts he is a sharp and impressive … Read more
Relentless rate cuts and now a rise in inflation mean savers are losing billions of pounds instead of enjoying fair rewards. Today, just one in 50 accounts pay interest higher than the cost of living. It means millions of nest eggs are being eroded. And the only way for savers to beat inflation is to … Read more
With less than 50 days to go until the end of the tax year, savers are likely wondering whether or not they will see an ‘Isa season’. This is where banks and building societies offer top rate tax-free deals to snap up money from those looking to use up any spare money from their £20,000 … Read more
On the face of it, Issue 20 of the Post Office’s online easy-access Isa looks like a pretty good deal. It pays 1.25 per cent, the second best tax-free savings rate on offer – 0.1 percentage points lower than the best deal – and can be opened with £100. It also accepts transfers from another … Read more
There’s just over a month to go until the end of the tax year: Here’s Holly Mackay’s essential Isa guide to help you bag a savings bargain Every adult can pay in up to £20k each year, but you can start with £100 or less More than one in ten Isa holders has less than … Read more