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moneysaving Archives - Money - ReadSector

Royal Mint could go a decade without making any 2p or £2 coins

The Royal Mint is set to go more than a decade without producing any new 2p or £2 coins after cash usage slumped over the last 10 years and the country handed back its old change, an official report claims. In March, the Royal Mint was sitting on 26 times as many £2 coins as it … Read more Royal Mint could go a decade without making any 2p or £2 coins

NS&I to stop sending Premium Bond winnings as cheques

Premium Bonds go paperless: NS&I will stop sending out prize cheques in the post to help reduce unclaimed winnings cases NS&I will completely phase out paper prize warrants after next February   Savers will instead be told to provide their bank details and be paid by transfer 74% of NS&I customers have already gone paperless but … Read more NS&I to stop sending Premium Bond winnings as cheques

Just 11 of 661 inflation-beating savings accounts offered by big banks

Inflation hits a five-year low but just 11 savings accounts offered by Britain’s seven biggest banks pay at least 0.2% after slashing rates to the bone There are now 661 inflation-matching accounts after the CPI fell to 0.2%  Just 11 of these are offered by Britain’s biggest banks Only 1 out of 87 easy-access deals … Read more Just 11 of 661 inflation-beating savings accounts offered by big banks

Banks resort to sneaky tricks as they try to compete with NS&I

Beware, the top rate teasers that don’t last: Banks resort to sneaky tricks as they try to compete with NS&I By Sylvia Morris For The Daily Mail Published: 22:01 BST, 15 September 2020 | Updated: 22:47 BST, 15 September 2020 Starved savers searching for a better deal should beware their new top rate may only … Read more Banks resort to sneaky tricks as they try to compete with NS&I

Bonds battle lifts interest: Secure Trust now offering 1.25%

Bonds battle lifts interest: Secure Trust now offering 1.25% as new banks leapfrog each other to pay top rates By Daily Mail City & Finance Reporter Published: 22:00 BST, 15 September 2020 | Updated: 22:47 BST, 15 September 2020 Bond boost: Several banks are now paying 1.2 per cent fixed for one year New banks … Read more Bonds battle lifts interest: Secure Trust now offering 1.25%

Try investing with LifeStrategy funds to beat those low savings rates

With interest rates stuck at record lows, most savers cannot get their hands on the rewards they think they deserve. Most High Street banks pay just 0.01 per cent interest – that’s 10p a year on each £1,000 in an easy-access account. But there is another option for cautious savers in search of a more … Read more Try investing with LifeStrategy funds to beat those low savings rates

How to track down your child trust fund windfall

Tens of thousands of 18-year-olds could unknowingly be entitled to payout from child trust fund set up on their behalf By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 BST, 12 September 2020 | Updated: 22:22 BST, 12 September 2020 Tens of thousands of 18-year-olds could unknowingly be entitled to a payout from a child … Read more How to track down your child trust fund windfall

Starling becomes the first British bank to charge customers interest on savings

Starling has become the first British bank to introduce negative interest rates for personal account customers, though only those who hold high balances in euros will be affected. Rather than charging a membership or account fee, the challenger bank will levy a monthly rate of -0.5 per cent on balances of more than €50,000 held … Read more Starling becomes the first British bank to charge customers interest on savings