Boris Johnson has chosen ‘political interest ahead of the public interest’ by refusing to sack Dominic Cummings says Scotland’s Nicola Sturgeon (who tried to resist sacking her own lockdown-busting adviser) She accused Mr Johnson of jeopardising public health messaging over adviser Scotland’s ex-top medic breached guidance with two visits to her second home She was … Read more
Millions are facing almost no returns on their savings as hundreds of banks offer virtually zero interest and the national base rate threatens to dip into the negative. More than 200 High Street banks, including giants like HSBC, have a mere 0.01 per cent interest rate, meaning customers who invest £10,000 will only claw in … Read more
The banks giving savers ZERO interest: As the Bank of England says rates may go negative, there are already hundreds of accounts paying less than 0.01% Some 214 easy-access accounts pay savers 0.01% and six pay nothing Savings rates have tumbled over the last few months due to coronavirus Average rate has fallen from 0.62% … Read more
Interest rates could be cut below zero to kick start the economy, suggests Bank of England boss Andrew Bailey By Lucy White For The Daily Mail Published: 08:07 BST, 21 May 2020 | Updated: 08:07 BST, 21 May 2020 Bank of England Governor Andrew Bailey has hinted that interest rates could be cut below zero … Read more
Bank of England could turn interest rates NEGATIVE as part of efforts to prop up the economy amid coronavirus crisis, says governor Andrew Bailey Bank of England governor Andrew Bailey has been giving evidence to MPs He said it would be ‘foolish’ to rule out turning the Bank interest rate negative The UK government has … Read more
Savers were potentially handed more bad news today with the Bank of England suggesting base rate could remain close to historically low levels over the next few years. While policymakers kept the base rate, which helps determine borrowing and savings rates, at 0.1 per cent today, it forecast it could increase to just 0.2 per … Read more
Santander unleashes another 123 current account rate cut on the SAME DAY another one bites, costing customers hundreds of pounds in lost interest Santander today cut the interest rate on 123 accounts from 1.5% to 1% It has handed savers more bad news with a cut to 0.6% in August Savers with £20,000 in the … Read more
Top 5% savings rates will be extinct soon as Nationwide cuts interest on its FlexDirect current account – but there is one last chance to hunt it down… Nationwide’s FlexDirect account pays 5% interest for 12 months on up to £2,500 It is the last 5% savings deal in Britain, but will be cut to … Read more
Banks are set to make more than £600 million in extra interest paid by cash-strapped homeowners taking mortgage holidays, Money Mail can reveal. Campaigners say the vast profit lenders will make from the crisis is ‘disgraceful’ and are demanding they scrap additional interest charges. The breaks are seen as a lifeline for borrowers facing financial … Read more
An increasing number of savers with large pots are turning to platforms as they look to safely spread their money across multiple accounts to benefit from savings protection amid market turmoil caused by coronavirus. Savings platforms Flagstone, Hargreaves Lansdown Active Savings, Octopus Cash and Raisin allow savers to open accounts of different lengths with multiple … Read more