Beware the easy-access deals that give nothing in return: £200 billion sitting in accounts that pay no interest By Sylvia Morris For The Daily Mail Published: 22:01 BST, 14 July 2020 | Updated: 22:01 BST, 14 July 2020 Savers are piling a record amount of cash into easy-access accounts, but some will now pay them … Read more
Rates see worst cuts in a decade: Easy-access deals down 0.35% and fixed Isas down 0.56% since start of year By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 30 June 2020 | Updated: 22:00 BST, 30 June 2020 Easy-access rates have plummeted by 0.35 per cent since the start of the year … Read more
The £6.8bn High Street savings robbery: All major providers set to pay just 0.01% interest with easy-access deals from next month By Sylvia Morris For The Daily Mail Published: 22:01 BST, 23 June 2020 | Updated: 23:47 BST, 23 June 2020 Loyal savers are missing out on billions of pounds in interest by sticking with … Read more
Savers piled 303 per cent more cash into easy-access accounts during March and April compared to the same period last year, as banking industry data shows how people opted to keep cash at hand as the coronavirus pandemic unfolded. Some £11billion was poured into easy-access accounts over the two-month period, compared to just £2.7billion in … Read more
Will the top savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
Will the best savings account soon pay less than 1%? Savers at the mercy of inflation as market-leading easy-access rate is slashed from 1.20% to 1.05% RCI Bank – which funds Renault car finance deals – followed Marcus Bank The Goldman Sachs-backed bank cut its easy-access rate to 1.05% on Tuesday Ford Money pulled a … Read more
Time to get a savings habit? Best deals for drip-feeding spare cash are fixed-rate plans linked to current accounts By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:14 BST, 13 May 2020 The top easy-access accounts currently pay 1.2 per cent Savers with money to spare each … 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
Those looking for regular savings accounts to shelter their money from the turbulence of the stock market will likely be settling for any port in a storm. However, the cash savings market has also been hit over the last 12 months, with rates on five-year fixed accounts paying less than what one-year fixed-rate ones did … Read more