On March 8 I sent a £50,000 Barclays cheque to a building society to invest in a bond. On March 25, Barclays told me it had been contacted by Lloyds Bank as the cheque had been intercepted by a fraudster. Barclays said my money was safe and it would cancel the cheque — but the … Read more
PCF Bank offers new best buy three-year fixed savings deal paying 2% – but this is LESS than the top 12 month bond a year ago as rates plummet PCF Bank’s deal edges out Gatehouse Bank and can be opened online or by post In February 2019, Gatehouse offered a one-year deal paying 2.15% Savings … Read more
Could your savings rate turn negative? The This is Money podcast on the weird world of upside down rates By This Is Money Published: 10:33 BST, 23 May 2020 | Updated: 10:33 BST, 23 May 2020 The threat of negative interest rates is looming large for savers. This week, a government bond auction saw UK … Read more
Millions are facing almost no returns on their savings as hundreds of banks offer virtually zero interest and the national base rate threatens to dip into the negative. More than 200 High Street banks, including giants like HSBC, have a mere 0.01 per cent interest rate, meaning customers who invest £10,000 will only claw in … Read more
Millions are facing almost no returns on their savings as hundreds of banks offer virtually zero interest and the national base rate threatens to dip into the negative. More than 200 High Street banks, including giants like HSBC, have a mere 0.01 per cent interest rate, meaning customers who invest £10,000 will only claw in … Read more
The banks giving savers ZERO interest: As the Bank of England says rates may turn negative, there are already hundreds of accounts paying 0.01% Some 214 easy-access accounts pay savers 0.01% and six pay nothing Savings rates have tumbled over the last few months due to coronavirus Average rate has fallen from 0.62% last May … Read more
Principality’s pocket money account pays a top 4% on children’s savings with up to £250 a month that can be paid in By Sylvia Morris For The Daily Mail Published: 22:00 BST, 16 July 2019 | Updated: 09:54 BST, 17 July 2019 A new children’s account with Principality Building Society pays a top 4 per … Read more
More than 1.8million people have signed up for Universal Credit since 16 March, just days before the country went into lockdown. This is six times as many claims as usual, the Department for Work and Pensions has revealed. While it highlights just how devastating the virus has been for people’s livelihoods and the economy, it … 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
Bonfire of fixed-rate savings accounts: Best buy offers up in smoke as providers blame coronavirus for pulling deals Some 62 one, two, three and five-year fixed-rate deals have gone since March Savings rates have continued to slide since the coronavirus hit Britain Challenger bank Aldermore pulled all its non-easy-access deals from sale It said the … Read more