A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
A quarter of Britons have less than £500 saved despite a recent surge in people tucking cash away in the pandemic Some 13% of UK adults have no savings at all whilst 26% have less than £500 The figures indicate a widening of the financial wellbeing gap Many adults are saving less as spend more … Read more
Metro Bank cuts interest it pays on its savings accounts – and experts advise customers to shop around By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 BST, 12 June 2021 | Updated: 21:50 BST, 12 June 2021 Metro Bank has taken an axe to the interest it pays on its savings accounts. In a … Read more
More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs. And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more
Parents saving for their children could be starving them of a sizeable savings pot by the time they turn 18, as research reveals many are failing to take advantage of higher-rate savings accounts. Some 34 per cent of parents have saved for their children in often low interest paying bank accounts over the last 12 … Read more
Perhaps you have lockdown savings sitting idle. If so, now could be the perfect time to consider overpaying your mortgage. Even an extra £100 a month could slash your total interest bill by nearly £10,000 — and clear your debt four years early. Britain’s band of ‘accidental savers’, who were forced to cut back on … Read more
An Australian landlord who sank his life savings into saving a 200-year-old British pub from closure is now facing deportation from the UK for taking a pay cut to save the failing business. Russell Young, 62, and his wife Tracie, 56, bought the Sun Inn in Failsworth, Greater Manchester in 2018 for £250,000 and paid … Read more
Savers need to earn 1.5 per cent for their cash to keep its value in terms of what it can buy. The top rate is 1.32 per cent from Charter Savings Bank but you must tie up the cash for five years.
PCF Bank, a £60.2million AIM-listed lender which obtained its banking licence in 2017, halted trading in its shares at 23p on Wednesday, ‘pending a further announcement’.
A portfolio that performs well when inflation is low may not be a winning formula when it starts to rise. So is inflation here to stay and, if so, how can investors protect themselves?