- Building societies launch better-paying branch-based savings accountson July 20, 2021 at 9:45 pm
While none of the new deals can match the rate of inflation, which leapt to 2.5 per cent in June, they offer a much better chance of shielding your money than the 0.01 per cent paid by High Street banks.
- Best fixed savings deals: Rates begin to nudge higheron July 20, 2021 at 6:36 am
Average fixed rates rose monthly for the first time since October 2020, according to Moneyfacts, while choice grew to the highest number seen this year.
- A quarter of £100k-plus earners don’t have enough cash for rainy dayon July 19, 2021 at 8:00 am
A total of 23 per cent of households with an income of £100,000 a year could not pay a large unexpected bill or cover their essential outgoings for three months using their savings.
- Could a bright pink kiosk in the Co-op give us back our high street banks?on July 18, 2021 at 12:52 pm
This is a OneBanks outlet, where customers of any bank can take out and deposit money and carry out transactions. There is always someone on hand to help visitors – and teach them online banking skills.
- Should we look to Tally’s gold-linked account to beat inflation?on July 17, 2021 at 9:11 am
Rising inflation means cash savings are being eroded at an alarming rate at present, and the Bank of England could be forced to act sooner rather than later to quash the problem.
- Savers must act fast to cash in on a rate rise bonanzaon July 14, 2021 at 4:21 pm
Last week, there were 90 rises across easy access accounts, fixed-rate bonds and cash Isas, according to website Savings Champion. Around two thirds of the increases were for fixed rate deals.
- More misery for UK savers as inflation rises to 2.5% in Juneon July 14, 2021 at 2:29 pm
Alarm bells will be sounding for savers today following news that inflation surged for the fourth consecutive month to its highest rate for almost three years.
- Halifax reignites the current account switching war with £100 cash bribeon July 9, 2021 at 6:44 am
The current account switching war is ramping up this week with Halifax reintroducing its £100 switching offer with its paid for packaged offering.
- Best cash Isa rates: Three new top one year fixed-rate accountson July 8, 2021 at 11:58 am
Tax-free savers looking to eke out some extra interest on their cash Isa have three new best buy options this week.
- NS&I savers switch back to cheques for their Premium Bond winningson July 7, 2021 at 7:58 am
The bank has ditched plans to axe the popular prize cheques following our campaign. Last year NS&I sent millions of letters to customers asking for their bank details.
- First Direct in danger of losing its customer-service crownon July 7, 2021 at 7:57 am
For years the telephone and internet-only bank has topped satisfaction tables, and in January was named the ‘best British brand’ by the Institute of Customer Service.
- Marcus savers urged to act now to bag bonus easy access rateon July 6, 2021 at 9:01 pm
The bank previously paid 0.4 per cent but is now offering savers the option of adding a fixed bonus of 0.1 percentage points. When savers open an account they will receive the new rate automatically.
- M&S shuts down all its in-store bank branches todayon July 2, 2021 at 11:06 am
Marks & Spencer is shutting down all its 29 bank branches today, with the closure of all its current accounts to follow on the 31 August.
- Premium bond jackpot winners only invested in Februaryon July 1, 2021 at 1:36 pm
One man from County Durham purchased the bond which forms part of a £20,025 holding, meaning a 4,894% return on his outlay.
- NS&I backs down on plan to axe Premium Bond prize cheques in the poston July 1, 2021 at 12:09 pm
The Treasury-backed bank was in the process of forcing millions of savers to hand over their bank details so that prizes could be paid directly into accounts.
- Green bonds: What’s the rate, term and when are they available?on July 1, 2021 at 11:20 am
Rishi Sunak has today revealed further details of the much anticipated green bonds, but they won’t be available until later in the year.
- NS&I Green Bonds hint at what we can do with £200bn of lockdown savingson July 1, 2021 at 10:40 am
Unsurprisingly, as the opportunity to get out and spend increases, the trend for saving appears to be in decline, but there is a lot of money eager for a good home and better returns.
- Best easy-access savings: Coventry and Marcus become top dealson July 1, 2021 at 6:23 am
It may not beat the excitement of defeating the Germans 2-0 at Wembley, but like England fans, savers now also have some reason to cheer.
- Got an old £50 note? Then spend it quickly!on June 27, 2021 at 4:50 pm
The Bank of England launched a new plastic £50 banknote last week featuring an image of Second World War codebreaker Alan Turing. It is replacing cotton-paper notes.
- Visa to buy Swedish fintech start-up Tink for nearly £2bnon June 26, 2021 at 7:17 am
Tink, founded in 2012, develops technology that allows third-party applications to connect to customers from different financial institutions.
- NS&I sees a record £23.8bn go into its accounts in the last yearon June 25, 2021 at 7:05 am
The Treasury-backed NS&I has raised a record £23.8bn this year as customers poured money into savings in the wake of the pandemic, but it still fell short of its £35bn target.
- Best business savings: Investec boosts rate on its notice accounton June 25, 2021 at 6:55 am
Investec has boosted the rate on its 32-Day Business Notice Account from 0.55 to 0.65% – although it does require a chunky amount to open.
- New Alan Turing £50 note enters circulation: Here’s how to stop future inflation eroding its valueon June 23, 2021 at 1:21 pm
Savers and cash hoarders are being warned to consider the eroding impact of inflation as the Bank of England’s new £50 note entered circulation today.
- Best cash Isas 2021: Where to get the best cash Isa rates and dealson June 23, 2021 at 8:54 am
We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year
- High Street banks paying lowest rates on easy-access accounts on June 23, 2021 at 8:15 am
Savers have £927bn in easy access accounts with around two-thirds in with big high street names. But their loyalty is costing them as all pay much less than the average 0.17% paid on these accounts.
- Nationwide mobbed for top Isa: Savers left waiting up to three monthson June 23, 2021 at 8:12 am
Nationwide was deluged with applications after launching a market-leading cash Isa on March 17. Around 250,000 savers rushed to open its fixed rate deal within the four weeks it was on sale.
- Save your cash from inflation by ditching easy-access accountson June 23, 2021 at 8:09 am
Last week it emerged that inflation had soared to 2.1% – up from 0.5% this time last year meaning savers stand to lose even more money on vast sums held in easy-access accounts.
- Lockdown savers stash away nearly £200 billion since March 2020on June 22, 2021 at 8:07 am
UK savers have stashed away almost £200 billion in savings since the Covid pandemic began, according to the latest Bank of England figures.
- Piggy bank apps that teach your children about moneyon June 20, 2021 at 8:54 am
Many youngsters are being encouraged to use apps that enable parents to keep an eye on their spending. One of the most popular is Gohenry. It is also one of the most expensive.
- Service meltdown at NS&I costs £1m in compensationon June 20, 2021 at 8:52 am
Treasury-backed NS&I paid £920,550 to frustrated customers in ‘goodwill gestures’ to compensate them for poor service. Complaints in the year to April 2021 more than doubled to 43,525.
- Savers put away 29% less as lockdown easedon June 19, 2021 at 7:54 am
People are still sticking money aside but less of it, according to figures from finance app Yolt, while Lloyds’ data showed spending on the rise.
- Payments with physical money drop by more than a third last yearon June 16, 2021 at 2:50 pm
Fewer British shoppers used cash to make payments last year as the pandemic message to not handle physical money filtered through, new data shows.
- Best inflation-beating savings rates: Make your money work harderon June 16, 2021 at 10:16 am
Savers are seeing their cash pots eroded, as not a single standard account manages to pay an inflation-beating rate, This is Money’s research reveals.
- Savers pull billions from NS&I accounts after rates are slashedon June 16, 2021 at 7:59 am
The Treasury-backed National Savings & Investments slashed its rates to as little as 0.01 per cent in November, leading to a record number of savers abandoning their accounts.
- Best savings rates: A quarter of Britons have less than £500 savedon June 15, 2021 at 10:30 am
Nearly one in five Britons – or roughly 10m people – have less than £100 in savings, new research from Yorkshire Building Society has revealed.
- Lifetime Isa deposits hit £1bn for the first time in 2020on June 14, 2021 at 10:46 am
The amount of money saved into Lifetime Isas more than doubled last year as deposits into the tax-free account aimed at first-time buyers topped £1bn for the first time.
- Metro Bank cuts interest it pays on its savings accountson June 13, 2021 at 8:58 am
In a letter sent to customers in the past few days, the bank has said that ‘following a review’, rates on two mainstream instant access accounts will be slashed to 0.05 per cent from August 12.
- Collection of more than 400 piggy banks to be exhibitedon June 12, 2021 at 8:51 pm
The collection is currently stored at curator James Blower’s home, but he has now found a space situated in an old bank premises where he hopes to exhibit them from this autumn or early next year.
- Close to 3,500 Nationwide savers left waiting months for Isa bonuson June 12, 2021 at 6:49 am
Just under 3,500 savers are still waiting for old Isas to be transferred into its 18-month tax-free account paying 0.75 per cent, half of whom put transfer requests in during March and April.
- Cash Isa savers lose £540million in a year thanks to inflation and low rateson June 11, 2021 at 8:28 am
Isa savers have seen more than half a billion pounds wiped off the value of their savings in the last 12 months as the cost of living outstripped ultra-low savings rates.
- We visit an Essex attic home to England’s first ever ‘Museum of Savings’on June 10, 2021 at 11:47 am
Savings bank consultant James Blower and his fiancée Tanya Burrage have amassed a 400-item collection charting the history of money boxes and piggy banks in the UK, from early 1900 to 2000.
- Hope for savers as fixed rates rise to 1% on a one-year bondon June 9, 2021 at 8:07 am
Experts warn that savers will need to move fast as the top deals won’t be around for long. Rates tumbled to record lows last year after the Bank of England base rate was cut to 0.1 per cent.
- Post Office launches campaign to ‘save our cash’on June 9, 2021 at 7:58 am
The Post Office is calling the Government and banks to work together to ensure those who depend on cash are not left behind. Latest figures show 4,188 bank branches have closed since 2015.
- Hit by the savings tax trap: Double whammy of low rates and HMRC delayon June 9, 2021 at 7:58 am
Long delays at HM Revenue & Customs means anyone attempting to correct their tax code and claw back overpayments by post could be forced to wait weeks for a response.
- The banks and building societies which pay better rates to loyal saverson June 8, 2021 at 12:15 pm
It is a commonly uttered truism in personal finance that loyalty doesn’t pay. However, in a minority of situations some providers do reward their existing customers.
- Third of parents are losing hundreds in interest by stashing kids’ savings in current accountson June 7, 2021 at 6:40 am
Parents saving for their children could be losing out on hundreds or even thousands of pounds in interest, as research reveals many are failing to take advantage of higher rate savings accounts.
- Could this shared bank hub be the saviour of our High Streets?on June 6, 2021 at 9:12 am
A new form of banking being trialled in the town could revitalise high streets up and down the country that have been left without a bank due to closures. You may find one of these hubs opening near you.
- One-year fixed-rate bonds pay 1% for the first time since November as rates improveon June 4, 2021 at 8:30 am
Aldermore Bank on Friday morning announced a raft of new best buy accounts, including a one-year fixed-rate paying 1 per cent for the first time since 23 November last year.
- Make a date to give your money a little
bit of loveon June 2, 2021 at 9:41 am
The idea may not sound romantic, but marriage counsellor Ben Leppier and his wife Kerry say they have saved around £8,000 since they started regularly setting aside evenings to talk about money.
- Could Premium Bonds be cut? £20bn has been poured in over the last yearon June 1, 2021 at 1:06 pm
Britons with more money to save over the last 12 months have piled £20bn into Premium Bonds since the first full month of lockdown last year, according to new figures from NS&I.
- Savings rates start to rise as tide may be turning for saverson May 31, 2021 at 8:05 am
Analysis by the rate scrutineer Savings Champion shows that a number of deposit-takers have tickled up rates this month – or introduced new fixed-rate bonds with higher rates than before.
- Why were my refunded Euro 2020 tickets paid at a worse exchange rate?on May 31, 2021 at 7:58 am
Football fans who had tickets cancelled for games in London and Glasgow are seeing less money paid back than they forked out, as they were charged in euros.
- We visit cashless Highgate with the man behind the cash machine raffleon May 28, 2021 at 11:14 am
The posh North London suburb of Highgate might not be the first place which springs to mind when you think of a ‘cash desert’. However, the people who live there disagree, and have called for help.
- Just 920,000 savers hold more than £2 in every £5 held in Premium Bondson May 28, 2021 at 7:38 am
Despite 21.4m savers collectively holding £107.4bn in Premium Bonds at the start of this month, £46.1bn of that is held by just 920,000 people who hold the maximum £50,000.
- Banks still pushing savers online: Top rates are only available through smartphone appson May 26, 2021 at 12:17 pm
Atom Bank, raised its easy-access rate to 0.5 per cent, but customers must download its banking app onto a smartphone to qualify. The best easy access account at a bank branch pays just half this.
- How to enter Nationwide’s new £1m prize draw with just £1on May 26, 2021 at 8:15 am
All current and savings account and mortgage customers of the building society in England, Wales and Scotland will be entered into the first prize draw on the second Tuesday of September.
- Inflation hits cash savings: Consumer prices index jumps to 1.5%on May 26, 2021 at 7:02 am
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.
- Three quarters of Premium Bond holders have won NOTHING in 14 yearson May 24, 2021 at 11:46 am
Nearly three-quarters of Premium Bond holders have failed to win a prize in 14 years despite holding close to £80billion, according to figures released by National Savings & Investments.
- Nearly half of Britons have no savings despite job fearson May 23, 2021 at 9:58 am
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.
- Is big banks’ so-called action to save cash just a smokescreen?on May 23, 2021 at 9:30 am
When we asked the banks if their involvement with the Access to Cash Action Group would stop or slow down their plans to shut branches, not one of them said ‘yes’.
- Best buy savings bank PCF suspends share trading as chief exec resignson May 21, 2021 at 3:51 pm
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’.
- How to build a fixed term savings ladder to get more intereston May 21, 2021 at 6:44 am
So-called fixed-rate ‘laddering’ involves savers spreading money across different fixed-rate bond terms to benefit from better rates and flexibility. And, as we reveal, doing so can really pay off.
- Rare 10p coins: The 2019 A-Z set worth far more than face valueon May 20, 2021 at 7:02 am
It could be time to raid those piggy banks and check under the sofa, with four circulating 2019 10p coins that are rarer than most selling for more than a 100 times’ face value online.
- Households reluctant to splurge their £180bn Covid savings pileon May 19, 2021 at 10:06 am
The British economy might not receive an injection of rampant consumerism after lockdown, as people adopt a ‘type of post-war austerity’ research from Nationwide suggests.
- Spark of hope at last for savers as rates rise from rock-bottom levelson May 19, 2021 at 8:30 am
Atom Bank now pays 0.85 per cent on its one-year fixed-rate bond, while others, such as PCF, Allica, Aldermore and Shawbrook banks, offer between 0.75 per cent and 0.79 per cent.
- Enough of the Covid excuses… Let us back in our banks! on May 19, 2021 at 8:16 am
Most banks restricted branch services when Covid hit in March last year, with many closing altogether. The move caused long queues down high streets around the country.
- Bank reveals the names that customers give to their savings pots – and everyone wants a holiday on May 18, 2021 at 4:47 pm
Lockdown weary Britons are readying themselves for a spending splurge on holidays, new cars and dream homes, new analysis by TSB has found.
- Digital coin jar Shrap wants Britain to go coinless, not cashlesson May 14, 2021 at 8:15 am
Chris Forero-Slee and James Cummins founded Shrap in Bournemouth three years ago. It is being trialled in Rochford, Essex, as well as Scotland and Northern Ireland, over the next six months.
- Bellringers and bowlers caught in HSBC crackdown on money launderingon May 12, 2021 at 11:06 am
Meg Hostler, founder of a Berkshire village club, the Finchampstead Handbell Ringers (pictured), says she was recovering from a throat infection when HSBC rang last year to clarify some information.
- Act fast to bag a better bond: Banks return to market with top rateson May 12, 2021 at 8:04 am
Yesterday, Atom Bank raised the rate on its one-year fixed-rate bond to 0.85 per cent, while Shawbrook improved its deal to 0.75 per cent. At the start of May, the best rate was 0.63 per cent.
- Barclays shuts down reward scheme for customers who aren’t onlineon May 12, 2021 at 8:04 am
Barclays announced that only customers who are signed up to online banking or the mobile app can benefit from the ‘Blue Rewards’ programme which offers cash prizes to members every month.
- Hundreds of thousands face new NS&I tax billon May 12, 2021 at 7:54 am
The tax trap was caused after state-backed National Savings & Investments changed the way its popular Guaranteed Growth Bonds worked two years ago.
- Can app rescue the millions of us who still rely on cash?on May 9, 2021 at 3:19 pm
Using a phone app, the service – provided by Swiss company Sonect – allows someone to order up to £200 of cash that they can then pick up at a local shop.
- NS&I: Could a 2019 terms tweak cost you hundreds of pounds in tax?on May 7, 2021 at 3:23 pm
Hundreds of thousands of savers face the prospect of handing some of their savings interest to the taxman after two-year-old terms and conditions changes by NS&I begin to bite.
- Britain WILL keep its lockdown savings habit in 2021on May 7, 2021 at 6:45 am
Britons are expected to partially keep up their lockdown savings habit in 2021, the Bank of England said today, but in a blow for savers the base rate could stay at an all-time low for another two years.
- Packaged current accounts: Was yours useless in the pandemic?on May 6, 2021 at 6:29 am
There were more than 25,000 complaints about packaged bank accounts last year as Britons were left with monthly fees for perks rendered useless by the pandemic.
- How to save around the world: We share money tips billions swear byon May 5, 2021 at 2:09 pm
Around the globe you’ll find an exotic mix of theories on how best to manage your cash. Here we explain the different money-management methods millions swear by.
- Savers missing out on £1bn a year by leaving cash in current accountson May 5, 2021 at 7:52 am
The amount in bank accounts has soared by nearly 30 per cent over the past year after ‘accidental savers’ benefited from spending far less during the pandemic.
- Saver wins Premium Bond jackpot after just two months of waitingon May 4, 2021 at 2:22 pm
A Surrey saver has become only the 21st Premium Bondholder in the 64-year history of the draw to win the £1million jackpot within the first two months of buying one.
- Proof a cash machine can help boost businesseson May 2, 2021 at 2:00 pm
Thanks to requests from local firms and residents along Bishopthorpe Road, a high street just outside York’s city walls, a new cash machine was installed – and everyone is reaping the benefit.
- Queues at half-open banks continue to blight Britonson April 30, 2021 at 11:01 am
Britons have had to queue at their local bank for up to an hour with death certificate papers and to pay in coins as reduced opening hours and branch closures cause havoc in some towns.
- Will Sainsbury’s supermarket bank bounce back after £21m loss?on April 30, 2021 at 6:43 am
The banking arm of Britain’s Sainsbury’s delivered a rotten set of results as it revealed the previous year’s £48million profit had turned into a £21million
- Which banks are winning the current account switching war?on April 29, 2021 at 10:52 am
The number of people swapping current accounts between January and March using the official switch service fell by over 27 per cent on the previous three months, data shows.
- Royal Mint carves a 10kg gold coin which sells for ‘six figure sum’on April 29, 2021 at 1:06 am
The Royal Mint has unveiled the largest ever coin in its 1,135-year history, a gold-plated piece with a hefty weight and an even heftier price tag.
- Banks begin sharing locations with a different branch opening each dayon April 28, 2021 at 8:08 am
Rather than their bank having a 24/7 presence on the High Street, residents of the Essex market town of Rochford have been given their local branch back for one day a week.
- The banks that grow trees as well as your savingson April 28, 2021 at 8:02 am
National Savings & Investments will launch an account that helps the planet this summer, but other banks and building societies have been quicker off the mark.
- Protect cash by law – or it could be history in monthson April 26, 2021 at 12:26 pm
Some experts now fear that unless the Government acts soon, the country’s cash system could collapse within the next 12 to 24 months.
- The search is on to find the best children’s personal finance teacherson April 26, 2021 at 12:20 pm
A prize pot of £25,000 will be shared among the winning teachers’ schools, and the first 250 teachers who enter the awards will receive a £50 Amazon shopping voucher.
- When will the bank branch opening hours go back to normal?on April 26, 2021 at 8:46 am
Business and personal banking customers have reported queues as they cram trips to bank branches into short periods of time, despite shops reopening their doors since 12 April.
- How the pandemic is changing how we save and investon April 23, 2021 at 4:09 pm
The past year of lockdowns and job losses is having an impact on people’s attitudes towards their hard-earned money – they plan to save more but also gamble a bit more with those savings.
- Cambuslang pins cash hopes on a shared bank branch run by the Post Officeon April 23, 2021 at 10:43 am
Cambuslang, 6.5 miles outside Glasgow, is one of eight areas across the UK taking part in a six-month experiment to determine how to safeguard access to physical cash for those who need it.
- Cash savings websites offer huge rates booston April 21, 2021 at 11:31 am
Cash savings websites have become increasingly popular among starved savers. But City watchdogs warned last week that firms are not being clear enough about exactly how these services work.
- More misery for embattled savers with rates at an all-time lowon April 21, 2021 at 9:02 am
Savers have the choice of just 1,340 accounts while average rates have fallen yet again. The average easy access account now paying 0.16 per cent, against 0.51 per cent a year ago.
- HSBC boosts its £125 current account switching offer with Uber Eats voucheron April 20, 2021 at 4:10 pm
Current account users considering a change will be tempted this week by HSBC’s improved switching offer.
- Three in four Britons don’t trust online bankingon April 18, 2021 at 11:30 am
Some 76 per cent said they ‘lack trust towards using their banking services online’, according to a survey by security software company SmartSearch.
- Kent Reliance launches best buy 0.45% cash Isa after Marcus launchon April 16, 2021 at 4:06 pm
Kent Reliance this morning launched a best buy easy-access cash Isa as banks and building societies begin to react to Marcus Bank’s move 48 hours ago.
- Best savings: How to get Chip’s 1.25% easy access rate and a £10 bonuson April 16, 2021 at 2:24 pm
Savers with £10,000 can get access to a savings deal paying more than three times the best buy rate available on an easy-access account with a This is Money bonus.
- Markets addicted to inflationary monetary policy have central banks over a barrelon April 16, 2021 at 11:42 am
Markets have become so dependent on ultra-loose monetary policy, so hyper-sensitive to any possible change in conditions, that there is little authorities can now do to avoid the dreaded taper tantrum.
- Government refuses to back proposals to try and fix Child Trust Fund lockouton April 16, 2021 at 10:05 am
Plans to make it easier for the parents of disabled children to access locked CTF and Junior Isa savings suffered a setback after the Government refused to back them in Parliament.
- Best cash Isas: Marcus Bank opens its doors to everyone a week after launchon April 14, 2021 at 3:26 pm
All rate-starved savers can now benefit from Marcus Bank’s near-best buy Isa after it launched a full-scale assault on the Isa market.
- Best cash Isa rates: Marcus Bank fails to spark a tax-free rate waron April 13, 2021 at 2:00 pm
The new tax year and the launch of Marcus Bank’s Isa has failed to spur a revival in tax-free savings rates, with returns actually lower than they were at the start of March.
- Save our cash by letting banks share abandoned high street branches, says banking guruon April 11, 2021 at 11:13 am
Four in 10 bank branches could close by the end of the year – but Natalie Ceeney says turning some into shared ‘banking hubs’ could breathe life back into struggling communities.
- Plan for stores to offer cashback without shoppers having to buyon April 11, 2021 at 9:37 am
An amendment to the Financial Services Bill, due to be debated tomorrow in the House of Lords, could pave the way for people to get cashback from local retailers without first having to buy something.
- Tory and Labour peers put forward plan to fix Child Trust Fund lockouton April 10, 2021 at 6:47 am
An industry-devised workaround to allow the parents of disabled children access to otherwise-locked Child Trust Fund savings without having to go to court could be given legal backing.
- Oxbury Bank launches savings account to plant trees with your interest paymentson April 8, 2021 at 6:46 am
Britain’s first agricultural bank in 100 years has launched a new best buy one-year fixed-rate bond, except for one catch: None of the interest will be paid to savers.
- Maximise your £20,000 Isa allowance by ditching the big bankson April 7, 2021 at 8:09 am
For those keen to invest in cash savings accounts, it’s slim pickings as far as top rates are concerned. But there is a wide disparity between the best and the worst deals available, so it pays to shop around.
- Would you spy on granny’s financial transactions? Debit card launched to prevent financial abuseon April 6, 2021 at 2:05 pm
GuardianCard has launched a debit card that can be used by a trusted family member or carer to manage an elderly person’s finances. But is it the cheapest on the market and is it fool-proof?
- Yorkshire BS boss Mike Regnier nets £226,000 bonuson April 4, 2021 at 8:13 am
Our research shows that 23 building society bosses received bonuses last year, ranging from £3,000 to a staggering £226,000. These were paid when many customers were struggling financially.
- Could you get lucky with a lottery-style savings account?on March 31, 2021 at 8:29 am
With interest rates close to zero, a savings account that offers the chance to win big is sorely tempting – but it may not pay in the long run.
- Best cash Isas: Marcus Bank finally launches a tax-free savings accounton March 30, 2021 at 11:01 pm
Marcus Bank has livened up Isa season by announcing it will launch a tax-free cash savings account, nearly two years after it first hinted it would enter the Isa market.
- Small banks have the happiest customerson March 28, 2021 at 10:30 am
Analysis of feedback and complaints data conducted by Fairer Finance shows that big brands such as Halifax, Nationwide, HSBC and NatWest have struggled to meet customers’ expectations.
- Government says it’s up to the courts to fix disabled Child Trust Fund lock outon March 26, 2021 at 11:58 am
Justice minister Lord Wolfson told Parliament on Thursday the Government believed ‘working through the Court of Protection’ was the way to resolve the problems affecting up to 200,000 disabled children.
- CTFs: Government faces another grilling over disabled children lock outon March 25, 2021 at 8:44 am
Former Tory ministers Baroness Altmann and Lord Young are among those questioning the Government’s progress towards fixing Child Trust Fund problems affecting 200,000 disabled children.
- Santander savers set to lose out as bank announces string of rate cutson March 24, 2021 at 8:54 am
Santander is slashing the rate on its Easy Isa from a lowly 0.1 per cent to a derisory 0.01 per cent. The move will hit loyal customers who have built up £40,000 in savings.
- Tips to save more: Work out your hourly salary, budget and automateon March 22, 2021 at 3:52 pm
Households have built up £180billion in extra savings this year. But now we’ve got into better savings habits, how can we maintain them for the long term?
- Junior Isas: How to save for a child to give them a bumper pot of cashon March 20, 2021 at 8:25 am
33-year-old Ben Geldeard and his wife, Laura, have opened a tax-free investment account for their newborn baby, George, to save for his future.
- A Lifetime Isa could give your savings a boost but beware the traps on March 18, 2021 at 10:22 pm
You can save up to £4,000 a year and get a 25 per cent bonus worth up to £1,000, but unless you are buying a first home you cannot get your cash until you are 60 without penalty.
- Cash Isas: Are they still worth having?on March 18, 2021 at 10:41 am
While savings rates may have fallen, it would be unwise to abandon cash altogether. Each year, savers plough millions into tax-free cash Isas. But the once-popular accounts have lost their sparkle.
- NS&I reveals full scale of customer service woe during the pandemicon March 17, 2021 at 5:12 pm
Chief operating officer Matt Smith provided the figure during a hearing that saw three of NS&I’s most senior employees grilled over the beleaguered Treasury-backed bank’s performance last year.
- Watch your children’s savings grow: Junior Isas are now more generouson March 17, 2021 at 9:25 am
Britain’s children have a total of about £5bn in 954,000 Junior Isa accounts. And this is set to grow after the Chancellor doubled the annual allowance to £9,000 last April
- Banks pull together to stay open with shared brancheson March 17, 2021 at 8:47 am
Experts hope the new bank hubs will provide a lifeline for customers and small businesses in some of the worst-hit areas. They will offer counter services run by the Post Office.
- Best savings rates: Nationwide pays 1% on a cash Isaon March 16, 2021 at 3:16 pm
Britain’s largest building society is single-handedly trying to save Isa season with the launch of a new best buy tax-free savings account which offers those transferring in £10,000 a £50 welcome bonus.
- Best savings rates: Marcus Bank cuts market-leading account to 0.4%on March 16, 2021 at 10:42 am
The Goldman Sachs-backed bank has cut the rate from 0.5 to 0.4% this morning for newcomers and will do the same for its over 500,000 existing savers in a fortnight’s time.
- Cash machine withdrawals fall 43%, but Britain no cashless societyon March 16, 2021 at 10:28 am
The pandemic has seen three quarters of Britons use less cash, but millions still rely on physical money to pay for things, new data suggests.
- How you can ensure you select the best cash Isaon March 14, 2021 at 2:23 pm
Cash Isas have been a favourite among British savers since their launch 22 years ago. More than eight million people pay into one every year.
- Savings rates: One in five think they have risen in the last yearon March 13, 2021 at 7:59 am
It may be a year on from the deepest Bank of England base rate cuts on record, but only a third of Britons know that savings rates have fallen since then, and more than a fifth think they’ve risen.
- Lifetime Isas: Penalty to go back to 25% again soonon March 11, 2021 at 2:29 pm
Hard-up first-time buyers who need to raid their Lifetime Isa savings will be charged their own money to do so to ‘discourage withdrawals’ and ‘protect its status as a long-term savings product’.
- 16m NS&I customers will lose their Premium Bond postal prizeson March 10, 2021 at 9:00 am
In justifying the decision to stop sending prizes in the post, National Savings and Investments had said that nearly three-quarters of its prizes were paid directly into bank accounts or reinvested.
- Britain will ditch its lockdown savings habit as it goes on £45bn spending spreeon March 9, 2021 at 5:07 pm
British households could be set to save less money than they did before the pandemic over the next five years as the country embarks on a £45billion spending spree, it has been forecast.
- Wyelands Bank ordered by Bank of England to pay back all 4,000 saverson March 5, 2021 at 12:34 pm
Holders of Wyelands’ 35 and 95-day notice accounts will be paid until the end of the notice period and savers who held fixed-rate accounts will be paid up to the end of their term.
- New NS&I ‘green bonds’ likely won’t pay savers best buy rateson March 4, 2021 at 2:37 pm
The Treasury’s much anticipated ‘green savings bonds’ look set to be a major disappointment for rate-starved savers, amid projections that they could raise just a few billion pounds.
- M&S Bank current account closures: Where to head nexton March 4, 2021 at 2:09 pm
The bank, half-owned by the supermarket and HSBC, said a small percentage of its 3m customers will be affected by the change, which has come out of the blue to account holders.
- Treasury plans to reintroduce Lifetime Isa withdrawal penalty in Aprilon March 4, 2021 at 9:14 am
Aspiring first-time buyers will again be charged their own money to raid their house or retirement deposits if they run into financial difficulty and need access before they can claim benefits.
- NatWest boosts regular savings account with £10,000 prize drawon March 3, 2021 at 9:01 am
Savers opening its Digital Regular Saver this month and adding between £1 and £50 in April, May and June will qualify. There will be ten prizes of £1,000 each. You can earn 3 per cent on the first £1,000.
- Would you tell your bank when you go jogging? Welcome to ‘wellness banking’on March 3, 2021 at 8:56 am
Would you want your bank to know how many steps you’ve walked today or whether you got around to going for your weekly jog? What if it was promising you vouchers or cash as a reward?
- Green savings account from NS&I: What rate could they pay?on March 1, 2021 at 10:02 pm
The Chancellor will use some of Britain’s £143billion worth of lockdown savings to fund the country’s green recovery from the coronavirus pandemic, the Treasury has revealed.
- Isas: Rishi Sunak urged to use the Budget to fix Britain’s broken systemon February 25, 2021 at 9:35 am
The Chancellor should use next week’s Budget to simplify the Isa system and scrap the trend of having one for ‘almost every day of the week’, savings industry experts have said.
- Mobile wallets like Apple Pay made up more online purchases than debit cards in 2020 on February 25, 2021 at 8:35 am
An eye-opening new report from the payment processor Worldpay found so-called ‘mobile wallet’ payments were used for just under a third of all online transactions in 2020.
- TSB’s new ‘Premium’ current account pays customers less cashback than its free versionon February 24, 2021 at 2:37 pm
TSB has launched a new cashback-paying current account with a monthly fee which wipes out 60 per cent of what its holders can earn.
- £400m in Child Trust Funds opened 18 years ago waiting to be claimedon February 24, 2021 at 9:06 am
Teenagers are sitting on £400m in childhood savings they may not know exist. Around 200,000 Child Trust Funds are still waiting to be claimed – with an average of £2,000 in each, figures reveal.
- Yorkshire Building Society offers loyal members a top rate of 3.5%on February 24, 2021 at 9:01 am
The society’s Loyalty Regular Saver, launched yesterday, runs for 12 months but allows you limited access to your money. You can make withdrawals during the term on one day only.
- Don’t get locked in to a dud deal when your fixed bond matureson February 24, 2021 at 8:58 am
Most banks and building societies move your cash into an easy access account when your bond matures. But some reinvest your money in new fixed bonds which pay as little as 0.1 per cent.
- NS&I power outage left savers locked out of online banking on Mondayon February 23, 2021 at 2:12 pm
A ‘technical issue’ which affected the Treasury-backed bank for most of yesterday meant many of its 25m savers were locked out, while customer services could not help over the phone either.
- Lifetime Isa: Petition for penalty to be reduced permanently gets 16,000 signatureson February 22, 2021 at 11:19 am
The Government has been forced to address plans to begin charging aspiring first-time buyers their own money to raid their house deposits if they run into financial difficulty.
- How could Sir Keir Starmer’s British Recovery Bonds work?on February 19, 2021 at 11:58 am
In an attempt to channel the spirit of Clement Attlee’s Labour Government in 1945, Sir Keir Starmer announced a proposal to allow Britain’s savers to fund the coronavirus recovery.
- Why do I have to wait to go to court to access my daughter’s Child Trust Fund?on February 19, 2021 at 8:10 am
Tammie Squire has saved thousands of pounds for her daughter Hollie, who has a rare gene mutation, which neither will not be able to access when she turns 18 in October.
- Aviva Save: Investment giant launches a cash savings platformon February 17, 2021 at 12:12 pm
Britain’s largest insurance firm’s answer to the likes of Hargreaves Lansdown Active Savings and Flagstone has opened with 15 fixed-rate bonds offered by Aldermore, Oaknorth and Paragon Bank.
- Everything you need to know about savings! This is Money podcaston January 25, 2019 at 4:41 pm
When savings is mentioned, the first thought that springs to mind for many is: rates are low, what’s the point? We take a look in the latest This is Money podcast special.
- How to invest and save for your children – the This is Money podcaston December 7, 2018 at 4:47 pm
It might not be on the top of your to-do list when you have a child, but investing and saving for them to build a tidy nest egg for when they reach adulthood is best done sooner rather than later.
- Savings compensation and protection: Bank ownership and licenceson September 20, 2018 at 12:12 pm
The way you spread out your savings with banks is crucial in terms of protection and compensation. We show you how to get protected.
Thursday, July 22, 2021