Nearly half of Britons have no savings despite job fears
New research by website TopCashback has found 45 per cent of people do not have a rainy day fund, and 21 per cent say they don’t have the cash to start one.
savings
How to build a fixed term savings ladder to get more interest
Savings rates might be slowly ticking up, but the cost of living is increasing even more quickly. Consumer price inflation more than doubled last month to 1.5 per cent, the Office for National Statistics said on Wednesday, leaving most savers with nowhere to go to avoid losing money in real terms. As a result, cash … Read more
Are fears over rising inflation hot air? How to protect your savings
After a rather stormy year for the stock market, a new threat has arrived to plague investors — inflation. Britain expects a spending boom as lockdown restrictions ease. Last week, Bank of England chief economist Andy Haldane predicted the economy will grow at its fastest since World War II. But experts warn that a surge … Read more
Households reluctant to splurge their £180bn Covid savings pile
Forget the Roaring Twenties, it’s austerity Britain: Households reluctant to splurge £180bn Covid savings pile as consumer hedonism goes out of fashion More people shun ‘live for today’ mantra than endorse it for first time in 22 years Expectations of post-lockdown spending splurge could be wide of the mark Nationwide survey shows reset in how … Read more
Bank reveals the names that customers give to their savings pots – and everyone wants a holiday
Lockdown weary Britons are readying themselves for a spending splurge on holidays, new cars and dream homes, new analysis by TSB suggests. The bank revealed its customers’ most popular named savings pots, providing an indication of what people are planning to indulge in as the UK emerges from its third – and to be hoped, … Read more
Am I due a tax bill on my savings after NS&I changes?
With the change to tax on interest mentioned in your article last week I think that I may exceed the £1,000 Personal Savings Allowance. I have a state pension and two small company pensions which total approximately £11,000, plus I have NS&I Guaranteed Growth Bonds and other savings on which interest may total over £1,000, … Read more
Lockdown savings mean first-time buyers are relying less on the Bank of Mum and Dad
The number of first-time buyers looking to entirely fund their own deposits has rocketed with lockdown savings lessening their reliance on the ‘Bank of Mum and Dad’, new research suggests. More than two in five first-time buyers will put their extra cash to good use by paying their own house deposit in full, compared to … Read more
Lockdown savings mean first-time buyers are relying less on the Bank of Mum and Dad
The number of first-time buyers looking to entirely fund their own deposits has rocketed with lockdown savings lessening their reliance on the ‘Bank of Mum and Dad’, new research suggests. More than two in five first-time buyers will put their extra cash to good use by paying their own house deposit in full, compared to … Read more
Lloyds plotting to acquire savings company for £400m
Lloyds Banking Group plotting to acquire savings company for £400m in biggest deal since bank was privatised By Emma Dunkley, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Lloyds Banking Group is plotting to acquire a savings company for £400million in its biggest deal since the … Read more
Britain WILL keep its lockdown savings habit in 2021
Britons will hang on to some of their lockdown savings habit in 2021 but in a blow for cash savers the base rate could stay at an all-time low for another two years, the Bank of England said yesterday. In its latest monetary policy committee report the central bank forecast the base rate could inch … Read more