New short-term best buy fixed-rate savings deals and cash Isas

More green shoots have appeared in the savings market as the recent revival in fixed-term savings rates has continued over the last week. Challenger banks have continued to increase their rates on short-term fixed-rate deals while best buy tax-free Isas have also been launched. Experts said the presence of Treasury-backed National Savings & Investments at … Read more New short-term best buy fixed-rate savings deals and cash Isas

Best savings rates: QIB UK and United Trust Bank launch best buy fixed-rate bonds

Signs of ‘slight green shoots’ amid savings gloom as challenger banks launch new best buy fixed-rates Savings rates on all accounts have collapsed since March due to coronavirus  Over the last few weeks some banks have upped their fixed-rates Experts say these ‘baby steps’ suggest a ‘slight revival’ in fixed-rate bonds By George Nixon For … Read more Best savings rates: QIB UK and United Trust Bank launch best buy fixed-rate bonds

Best savings rates: Barclays becomes the last high street bank to pay just 0.01% interest

A decade of misery for Britain’s savers has been capped off by cuts to easy access rates which now mean that savers can get no more than £1 interest for every £10,000 saved at any of the High Street banks. Barclays has followed HSBC, Lloyds Bank, NatWest and Santander in slashing the rate on its … Read more Best savings rates: Barclays becomes the last high street bank to pay just 0.01% interest

More Britons have picked up the savings habit says Nationwide Building Society

Around two in five have saved more than they usually would in recent months as a large chunk of day-to-day expenses disappeared during lockdown, a survey by Britain’s biggest building society shows. A similar number will continue with the new found savings habit, despite the dramatic drop in rates on offer from all ranges of … Read more More Britons have picked up the savings habit says Nationwide Building Society

Number of inflation-beating savings accounts falls to 450

Falling savings rates and rising inflation mean 100 fewer accounts beat CPI this month as the ONS reveals it ticked higher for first time this year Inflation ticks up to 0.6% in June compared to 0.5% in May  Coupled with continued cuts to savings rates – 450 accounts now beat it  This is likely to … Read more Number of inflation-beating savings accounts falls to 450

Make your Lockdown savings habit last a lifetime: Our top ten tips

Savers across the country have stashed away a record £157 billion during lockdown after many day-to-day expenses disappeared. But as restrictions ease, with pubs, restaurants and non-essential shops now open, most will see their outgoings begin to creep up again as the economy starts to recover. So as you start to spend again, Money Mail … Read more Make your Lockdown savings habit last a lifetime: Our top ten tips

Dismal returns on cash Isas mean ordinary savings accounts earn more

Cash Isas loose their sparkle: Dismal returns mean you can now earn more with an ordinary savings account By Sylvia Morris For The Daily Mail Published: 22:01 BST, 7 July 2020 | Updated: 22:01 BST, 7 July 2020 Savers are pulling cash out of Isas at a record pace after rates plummeted. The dismal returns … Read more Dismal returns on cash Isas mean ordinary savings accounts earn more

Savings rates will still fall even further experts predict

Experts have warned that hard-up savers face more misery with providers likely to shave even more off the tiny returns currently on offer. Bankers and industry experts said the combination of a record low base rate of 0.1 per cent, cheap Bank of England cash in the form of quantitative easing, a fall in mortgage … Read more Savings rates will still fall even further experts predict