Savers forced to turn to National Savings and Investments after ‘devastating’ month of rate cuts By Sylvia Morris For The Daily Mail Published: 22:01 BST, 16 June 2020 | Updated: 22:01 BST, 16 June 2020 Savers are flocking to government-backed National Savings and Investments (NS&I) after suffering a ‘devastating’ month of rate cuts. In just three … Read more
Organisation set up to look at ways of keeping cash on the High Street set to reveal the communities it has selected to pilot new initiatives designed to boost consumer access to cash By Jeff Prestridge, Financial Mail on Sunday Published: 21:51 BST, 13 June 2020 | Updated: 21:51 BST, 13 June 2020 An organisation … Read more
Customers confused by TSB’s small print vindicated: Bank revamps terms on its £50 cashback offer and pays out to hundreds left out of pocket TSB launched a £50 cashback offer with Quidco last yearCustomers need to pay in £500 and make two transactions a month for the sum Many said the terms were unclear and … Read more
Numismatists who snaffled the Kew Gardens 50p when it was released into circulation in 2009 and still hold onto it now could have seen the value of that ‘investment’ skyrocket over the last decade. The coin became catnip for collectors ever since the Royal Mint revealed in 2014 that it was the rarest 50p coin … Read more
Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more
Moneysaving expert Martin Lewis reveals he barely left the house for six years after his mother died in horse-riding accident when he was just 11 Lewis’ mother, Susan, died in a collision with a lorry while out horseriding The TV presenter said he seldom left house for fear ‘something else happening’ He added: ‘I was…struggling … Read more
Nationwide, the country’s largest building society, does so many things right. Since Covid-19 brought the economy to a virtual standstill in late March, it has reassured its mortgage customers that none of them will lose their home in the next year if their household finances have been disrupted by the virus. Also, its boss, Joe … 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
Cash was used for less than a quarter of all payments last year for the first time ever, new figures show, as people frequently choose debit cards and contactless to make payments instead. The percentage of all payments made using banknotes and coins fell to 23 per cent in 2019, according to trade body UK … Read more
Top fixed rates are disappearing: Average account now pays just 0.3% compared with 0.75% ten years ago By Sylvia Morris For The Daily Mail Published: 22:01 BST, 2 June 2020 | Updated: 23:18 BST, 2 June 2020 Savers are being urged to snap up top one-year fixed rates before they disappear — but you should … Read more