Metro Bank cuts interest it pays on its savings accounts – and experts advise customers to shop around By Jeff Prestridge, Financial Mail on Sunday Published: 21:50 BST, 12 June 2021 | Updated: 21:50 BST, 12 June 2021 Metro Bank has taken an axe to the interest it pays on its savings accounts. In a … Read more
Collection of more than 400 piggy banks to be exhibited at the Museum of Savings in Norwich By Toby Walne, Financial Mail on Sunday Published: 21:51 BST, 12 June 2021 | Updated: 21:51 BST, 12 June 2021 The piggy bank has been introducing youngsters to the idea of saving cash for more than a century … Read more
More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs. And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more
Parents saving for their children could be starving them of a sizeable savings pot by the time they turn 18, as research reveals many are failing to take advantage of higher-rate savings accounts. Some 34 per cent of parents have saved for their children in often low interest paying bank accounts over the last 12 … Read more
For most couples, a date night means a candlelit meal at a fancy restaurant or a few drinks at the local pub. But increasing numbers are now booking in ‘financial date nights’ to discuss their household finances. The idea may not sound very romantic, but marriage counsellor Ben Leppier and his wife Kerry say they … Read more
Britons with more money to save over the last 12 months have piled £20billion into Premium Bonds since the first full month of lockdown last year, new figures from National Savings & Investments revealed today. The latest prize draw results from the Treasury-backed bank said there were 109.2billion eligible bonds in this month’s draw, which … Read more
Britons with more money to save over the last 12 months have piled £20billion into Premium Bonds since the first full month of lockdown last year, new figures from National Savings & Investments revealed today. The latest prize draw results from the Treasury-backed bank said there were 109.2billion eligible bonds in this month’s draw, which … Read more
Football fans have been dealt a double blow before the rescheduled Euro 2020 tournament, as their tickets were cancelled at short notice for games in London and Glasgow and they lost money on refunds calculated at a worse exchange rate. A huge number of British fans who had tickets for any of the eight games … Read more
Tide may be turning for savers as some providers start to nudge up rates ‘Best-buy’ two-year fixed-rate bond from Zopa pays 1% interest The best rate on a one-year bond is now 0.86% That’s higher than 0.7% at the start of the month and 0.59% in April By Jeff Prestridge for The Mail on Sunday Published: … Read more
More than £2 in every £5 saved into Britain’s best-loved savings product has been provided by fewer than 1million savers, This is Money can reveal. Despite 21.4million savers collectively holding £107.4billion in Premium Bonds at the start of this month, £46.1billion of that is held by just 920,000 people who hold the maximum £50,000, according … Read more