Returns on Coventry Building Society’s Poppy Bond hit an all-time low

Haven’t donated to the Poppy Appeal yet? Special Coventry BS savings account gives a portion to charity – but rate is far lower than previous years Coventry Building Society’s latest Poppy Bond pays 0.85% on a three-year term  This is the lowest it has been since This is Money began tracking the rate in 2011  … Read more

Overdraft rates hit all-time high as interest-free buffers will soon disappear

Borrowers relying on £500 overdraft buffers will be stung when they vanish as Bank of England finds rates for going into the red are at a record high Overdraft rates have more than doubled since March to 22.52%  Banks were required to lower customers’ borrowing costs for 3 months  Regulators gave them the green light … Read more

Household saving hit an all-time high during the coronavirus lockdown

Britons stashed away more than ever before between April and June this year, official figures revealed, as the coronavirus lockdown kept the country at home and prevented people from spending. The percentage of disposable income which households saved rose to an all-time high of 29.1 per cent, more than double the previous record of 14.4 … Read more

BUSINESS LIVE: House prices swell to all-time high

BUSINESS LIVE: House prices swell to all-time high; Kickstart Scheme for young workers launches; Barratt Developments scraps dividend UK property prices increased by 2% in August, new Nationwide index shows Government launches Kickstart Scheme to try and help young workers today  By Jane Denton For Thisismoney and Camilla Canocchi for Thisismoney.co.uk Published: 08:15 BST, 2 … Read more

July set a number of heat records in the US, as seven states report all-time high temperatures

July set a number of heat records in the US, as seven states report all-time high temperatures over 90F that lasted for weeks The US was plagued by intense heat in July, making it the 11th hottest on record Seven states set all-time records with temperatures over 90F and even 100F  Experts were more surprised that … Read more