Best buy savings bank PCF suspends share trading as chief executive of 13 years resigns PCF Bank opened its doors in 2017 and often offers best buy savings rates The AIM-listed lender suspended trading in its shares on Wednesday It said it was reviewing its ‘financial controls and reporting processes’ It told This is Money … Read more
Just days after it announced it had close to doubled its profits to £823million in the year to this April, Britain’s largest building society wants to hand a little of that back. Nationwide today announced it would launch its fourth savings prize draw in the last 15 months in September, and for the first time … Read more
Banks push savers online: Top rates are only available through smartphone apps while branch deals lose out By Sylvia Morris For The Daily Mail Published: 22:01 BST, 25 May 2021 | Updated: 13:17 BST, 26 May 2021 Savers who do not want to bank online are missing out on the best interest rates. Atom Bank … Read more
Emergency savings pot is something we could all benefit from – yet almost half of us are putting nothing aside By Toby Walne, Financial Mail on Sunday Published: 21:50 BST, 22 May 2021 | Updated: 10:58 BST, 23 May 2021 An emergency savings pot is something we could all benefit from – yet almost half … Read more
Are you feeling short-changed? 15.9m Premium Bonds holders have won NOTHING in 14 years despite holding as much as £80bn in the accounts A total of 21.4m Britons held Premium Bonds as of April this year They pay prizes of up to £1m each month, but there is no guarantee of winning Figures revealed by … Read more
Savings rates might be slowly ticking up, but the cost of living is increasing even more quickly. Consumer price inflation more than doubled last month to 1.5 per cent, the Office for National Statistics said on Wednesday, leaving most savers with nowhere to go to avoid losing money in real terms. As a result, cash … Read more
Spark of hope at last for savers as rates have risen from the rock-bottom levels of earlier this year By Sylvia Morris For The Daily Mail Published: 22:00 BST, 18 May 2021 | Updated: 22:09 BST, 18 May 2021 Atom Bank now pays 0.85 per cent on its one-year fixed-rate bond Savings rates have risen … Read more
Hundreds of thousands face new NS&I tax bill over changes to Guaranteed Growth Bonds By Sylvia Morris For The Daily Mail Published: 22:00 BST, 11 May 2021 | Updated: 22:11 BST, 11 May 2021 National Savings & Investments changed the way its popular Guaranteed Growth Bonds worked two years ago Hundreds of thousands of NS&I … Read more
Act fast to bag a better bond: Handful of banks return to the market after long absence By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 11 May 2021 | Updated: 22:08 BST, 11 May 2021 Deal time: Rates on short-term bonds have improved Rates on short-term bonds have improved as a handful … Read more
Britons will hang on to some of their lockdown savings habit in 2021 but in a blow for cash savers the base rate could stay at an all-time low for another two years, the Bank of England said yesterday. In its latest monetary policy committee report the central bank forecast the base rate could inch … Read more