For nearly 250 years, building societies have played an important part in maintaining the financial fabric of communities up and down the country. Providing loans for home buyers and a safe place for savers to squirrel away their hard-earned cash. Although their numbers have shrunk dramatically over the years, the stoic 43 that remain continue … Read more
Watchdog warns banks to treat their customers fairly as they hike the cost of mortgages but slash savings rates By Daily Mail City & Finance Reporter Published: 21:51 BST, 9 April 2020 | Updated: 22:04 BST, 9 April 2020 Interim FCA boss Chris Woolard said he is looking into concerns that banks are not passing … Read more
Energy firms finally pass falling prices on to households as bills fall to cheapest levels in more than three years – but you still need to switch to get the best deal The cheapest energy tariffs have fallen by an average of £32, data reveals This brings the average price to the lowest level in … Read more
Energy firms finally pass falling prices on to households as bills fall to cheapest levels in more than three years – but you still need to switch to get the best deal The cheapest energy tariffs have fallen by an average of £32, data reveals This brings the average price to the lowest level in … Read more
City watchdog warns over Coronavirus savings scams as markets plunge and interest rates hit record lows By James Salmon for the Daily Mail Published: 22:57 BST, 7 April 2020 | Updated: 23:14 BST, 7 April 2020 The City watchdog has sounded the alarm over investment scams which may emerge during the corona- virus pandemic. As … Read more
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
Household bills are set to rise over the next few months… but you can still make savings By Miles Dilworth For The Daily Mail Published: 22:00 BST, 31 March 2020 | Updated: 22:56 BST, 31 March 2020 Customers are being urged to shop around as bills are set to rise over the next few months. … 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
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
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