A new challenger bank has launched a best buy savings rate of 2 per cent as fixed bond deals continue to inch higher. Recognise Bank was given the green-light to rake in deposits earlier in the week and is part of the City of London Group. The account is a five-year fix and marks the … Read more
Quarter of a million households could see energy bills soar next month as hundreds of fixed tariffs end: Here are the best deals to switch to Thousands will be moved on to pricier default tariffs next month Households warned to switch to another fixed deal We reveal the best offers currently on the market By … Read more
The difference in interest rates between two and five-year fixed mortgages is the smallest it has been since 2013, according to new figures. In 2020, the average annualised rate gap was just 0.27 per cent, according to data from comparison site Moneyfacts. Traditionally, two-year fixes have been popular with buyers because their rates were much … Read more
Why you must act NOW to lock down a top deal: A one or two-year fixed could help protect your cash from inflation By Sylvia Morris For The Daily Mail Published: 22:01 GMT, 17 November 2020 | Updated: 22:01 GMT, 17 November 2020 Savers are being urged to lock into a top-paying fixed-rate deal now … Read more
More green shoots have appeared in the savings market as the recent revival in fixed-term savings rates has continued over the last week. Challenger banks have continued to increase their rates on short-term fixed-rate deals while best buy tax-free Isas have also been launched. Experts said the presence of Treasury-backed National Savings & Investments at … Read more
Signs of ‘slight green shoots’ amid savings gloom as challenger banks launch new best buy fixed-rates Savings rates on all accounts have collapsed since March due to coronavirus Over the last few weeks some banks have upped their fixed-rates Experts say these ‘baby steps’ suggest a ‘slight revival’ in fixed-rate bonds By George Nixon For … Read more
Goldman Sachs-backed Marcus Bank has brought back its one-year fixed-rate deal, but the account now pays a lower rate than its easy-access deal. The bank launched a 12-month bond paying 1.45 per cent towards the end of March, expanding its offering beyond its sole easy-access account which at the time was paying 1.3 per cent. … Read more
Bonfire of fixed-rate savings accounts: Best buy offers up in smoke as providers blame coronavirus for pulling deals Some 62 one, two, three and five-year fixed-rate deals have gone since March Savings rates have continued to slide since the coronavirus hit Britain Challenger bank Aldermore pulled all its non-easy-access deals from sale It said the … Read more
Stick or twist: NS&I fixed-rate savings cuts bite – should you stay… or cash out and move your money elsewhere? NS&I cut 10 fixed-rate accounts available to existing savers on 1 May It changed course on Premium Bond cuts but has stuck with these They affect savers renewing after 1 June or changing to a … Read more