Royal Mint warns collectors after Battle of Hastings 50p sells for £63,000

The Royal Mint has urged coin collectors to avoid paying huge sums for common coins on the basis of ‘farfetched’ reports, after a 2016 Battle of Hastings 50p reportedly sold for more than £63,000 online. The 50p was allegedly sold in mid-June after a 41-bid 10-day auction on eBay, and supposedly changed hands for around … Read more Royal Mint warns collectors after Battle of Hastings 50p sells for £63,000

Banks will soon start charging nearly 40% for overdrafts again

The city regulator today effectively gave the green light to banks to reintroduce overdraft rates of nearly 40 per cent within weeks, despite the coronavirus pandemic potentially leaving millions struggling financially. The Financial Conduct Authority announced it would not launch an investigation into overdraft changes announced by banks, nor would it require lenders to continue … Read more Banks will soon start charging nearly 40% for overdrafts again

Easy-access deals down 0.35% since start of year

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 Easy-access deals down 0.35% since start of year

How to make your children’s savings grow while they do

Young savers are losing out on thousands of pounds because of a failure to invest for their future, it is warned today. Investment experts are calling on the regulator and the industry to act now to ensure children get the most out of their savings. The Financial Conduct Authority (FCA) already warns that pension savers … Read more How to make your children’s savings grow while they do

Savers pounce on NS&I after it ditched plans to slash rates

Savers pounce on NS&I after it ditched plans to slash rates, while other banks continue to cut theirs By Sylvia Morris and Fiona Parker For The Daily Mail Published: 22:01 BST, 30 June 2020 | Updated: 22:01 BST, 30 June 2020 Hard-pressed savers have flooded National Savings & Investments (NS&I) after its accounts topped best-buy … Read more Savers pounce on NS&I after it ditched plans to slash rates

Households save a record amount of money last month

Britons spent a little more, paid back a little less and tucked away a lot more last month, with savings increasing a record £25.6billion, figures from the Bank of England show. It means households have stashed away a collective £56.6billion between March and May during the height of the coronavirus pandemic, the data reveals. It comes … Read more Households save a record amount of money last month

Find out if your Isa pot matches up to your peers

The amount of cash poured into Individual Savings Accounts by Britons across the country fell by 6 per cent to an average of £6,049 between the last two tax years, fresh data from HM Revenue & Customs has revealed. For people on an average salary, total adult Isa pots are typically coming in at around … Read more Find out if your Isa pot matches up to your peers

NS&I reveals savers cost it £887m last year as borrowing costs were so low

Rock-bottom borrowing costs mean it is increasingly expensive for the Government to raise cash from savers, according to National Savings & Investments, raising concerns its market-leading savings rates could be cut. It cost the Treasury-backed bank almost £887million more to raise money from savers between April 2019 and March 2020 than if the Treasury borrowed … Read more NS&I reveals savers cost it £887m last year as borrowing costs were so low

Major providers set to pay just 0.01% interest with easy-access deals

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 Major providers set to pay just 0.01% interest with easy-access deals

Bank staff accused of ‘interrogating’ elderly customers

Bank staff accused of ‘interrogating’ and turning away OAPs who travelled miles claiming their visits weren’t essential By Amelia Murray and Fiona Parker For The Daily Mail Published: 22:01 BST, 23 June 2020 | Updated: 22:01 BST, 23 June 2020 Bank branch staff have been accused of ‘interrogating’ elderly customers at the door, then turning … Read more Bank staff accused of ‘interrogating’ elderly customers