Chancellor Rishi Sunak raised the Junior Isa allowance from £4,368 to £9,000 in the 2020 Budget Savers weren’t handed many giveaways in an 11 March Budget primarily focused on the coronavirus outbreak. But one pleasant surprise was a more than doubling of the tax-free Junior Isa allowance from £4,368 to £9,000, which comes into force … Read more
Investec relaunches a best buy Notice Plus savings account which pays up to 1.65%… 20% of which can be accessed instantly Investec’s Notice Plus account is a notice account with an easy-access element The rate paid depends on how long the notice period is and the easy-access size A saver who wanted to access 10% … Read more
Americans may be too diseased to return to work after the worst of the coronavirus pandemic has passed because they are the most vulnerable. The US is already facing huge burdens on its healthcare system with rising rates of obesity, diabetes, high blood pressure and other chronic conditions. More than 60 percent of adults in the … Read more
Get ready to switch accounts…your savings rates are set to fall By Lindsay Cook, Financial Mail On Sunday Published: 22:58 BST, 28 March 2020 | Updated: 22:58 BST, 28 March 2020 Many savers can expect a round of brutal interest rate cuts to their accounts from this week – after the Bank of England base … Read more
The home of Welsh rugby union is to be turned into the fourth emergency hospital to deal with an onslaught of coronavirus cases. The Principality Stadium has been offered to NHS Wales as a makeshift field hospital to provide 2,000 extra beds should hospitals in the Cardiff area become overwhelmed. It comes as the UK’s coronavirus death … Read more
What is the coronavirus? A coronavirus is a type of virus which can cause illness in animals and people. Viruses break into cells inside their host and use them to reproduce itself and disrupt the body’s normal functions. Coronaviruses are named after the Latin word ‘corona’, which means crown, because they are encased by a … Read more
Some coronavirus tests could return false-positive results for 47 percent of samples, a study abstract from China suggests. ‘In the close contacts of COVID-19 patients, nearly half or even more of the ‘asymptomatic infected individuals’ reported in the active nucleic acid test screening might be false positives, wrote the authors from Jiaotong University in Xi’an, … Read more
Marcus Bank finally launches another savings account after 18 months… but the new one-year fixed-rate pays less than its original easy-access Marcus launched a 1.5% easy-access account in September 2018 Today it added to that with a new 1.45% short-term fix While the rate is not a best buy, it is a competitive rate and … Read more
Savers with memories of the aftermath of the financial crisis might have felt a sense of déjà vu after the Bank of England’s emergency press conference on 11 March. But while an emergency base rate cut of half a percentage point, followed by another one eight days later which took the bank rate to its … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more