Time to get a savings habit? Best deals for drip-feeding spare cash are fixed-rate plans linked to current accounts By Money Mail Reporter For The Daily Mail Published: 22:00 BST, 12 May 2020 | Updated: 00:14 BST, 13 May 2020 The top easy-access accounts currently pay 1.2 per cent Savers with money to spare each … Read more
Bonfire of fixed-rate savings accounts: Best buy offers up in smoke as providers blame coronavirus for pulling deals Some 62 one, two, three and five-year fixed-rate deals have gone since March Savings rates have continued to slide since the coronavirus hit Britain Challenger bank Aldermore pulled all its non-easy-access deals from sale It said the … Read more
Savers who signed up to top easy-access deals as little as six months ago are finding the rates paid on their savings slashed as banks make cuts to their back books. While the best on-sale easy-access rate has fallen by 0.11 percentage points over the last month, challenger banks and building societies which pay the … Read more
LV becomes latest insurer to share savings being made from fewer claims by refunding customers hit by virus By Miles Dilworth For The Daily Mail Published: 22:00 BST, 5 May 2020 | Updated: 23:37 BST, 5 May 2020 LV’s refunds are for workers waiting on furlough payments or self-employment support, or those who lose jobs … Read more
Millions of Britons are either dipping into their savings or getting into debt as their incomes are being dented by the coronavirus pandemic, a new survey has showed. Nearly a third of people in the UK have had to dip into their savings while a fifth have taken on debt, with the younger generations the … Read more
Olivia Pratt may only be nine years old, but by squirrelling away birthday and Christmas gifts she has already amassed around £4,500 in savings. By contrast, after an expensive year renovating their house, her parents, Claire and Damien, have just £900 set aside for a rainy day. It may seem unusual for children to have … Read more
Stick or twist: NS&I fixed-rate savings cuts bite – should you stay… or cash out and move your money elsewhere? NS&I cut 10 fixed-rate accounts available to existing savers on 1 May It changed course on Premium Bond cuts but has stuck with these They affect savers renewing after 1 June or changing to a … Read more
In almost every part of our lives, priorities are shifting, with safety and prudence the new virtues. In future, more people may want to preserve their money, rather than maximise returns: the return of their capital is, in other words, more important than the return on their capital. Growth will be an added extra, rather … Read more
A Bank of England scheme designed to provide banks with cheap money to lend to small businesses has handed out an enormous £6billion in its first week, official figures reveal. In an announcement which revealed the speed and scale of the economic crisis caused by the coronavirus, the sum pumped into banks in the first … Read more
Every penny of your pension counts in retirement, yet it is feared that savers have lost track of pots worth as much as £20billion. But how do you track down a lost pension or even know you’re missing one? The average person has 11 jobs in their lifetime, so it is no wonder two in … Read more