A record number of savings accounts have disappeared over the last month as coronavirus shocked the savings market, new figures show. There were 180 savings accounts and tax-free Isas of all term lengths pulled from sale following a pair of Bank of England base rate cuts in March, according to research from financial information website … Read more
Pointer: New tax year started on April 6 Thanks to the upheaval in our lives over the past few weeks, the start of a new tax year on April 6 will have passed many of us by. But it heralds a raft of key changes – some of which could have a positive effect on … Read more
There’s a new bank in town with a competitive one-year fixed-rate of 1.49%… but is Allica Bank a safe spot for your cash? Its one-year fixed-rate is enough for ninth place in our savings tables It pays more than well-known names like Goldman Sachs’ Marcus The London-based bank received its licence in September 2019, and … Read more
Marcus Bank cuts its easy-access rate again as it reveals £17bn of cash has poured in from savers – are we set for best buy rates below 1%? Virgin Money cut its market-leading easy-access deal paying 1.31% last week Marcus has now followed suit which means savings rates could fall further Shawbrook has launched an … Read more
An increasing number of savers with large pots are turning to platforms as they look to safely spread their money across multiple accounts to benefit from savings protection amid market turmoil caused by coronavirus. Savings platforms Flagstone, Hargreaves Lansdown Active Savings, Octopus Cash and Raisin allow savers to open accounts of different lengths with multiple … Read more