With the change to tax on interest mentioned in your article last week I think that I may exceed the £1,000 Personal Savings Allowance. I have a state pension and two small company pensions which total approximately £11,000, plus I have NS&I Guaranteed Growth Bonds and other savings on which interest may total over £1,000, … Read more
Lloyds Banking Group plotting to acquire savings company for £400m in biggest deal since bank was privatised By Emma Dunkley, Financial Mail On Sunday Published: 21:50 BST, 8 May 2021 | Updated: 21:50 BST, 8 May 2021 Lloyds Banking Group is plotting to acquire a savings company for £400million in its biggest deal since the … 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
Cash savings websites paying four times the best rates on offer from banks and building societies By Sylvia Morris For The Daily Mail Published: 22:01 BST, 20 April 2021 | Updated: 22:01 BST, 20 April 2021 Cash savings websites offer exclusive deals that pay four times the best rates on offer with banks and building … Read more
Britain’s first agricultural bank in 100 years has launched a new best buy one-year fixed-rate bond, except for one catch: none of the interest will be paid to savers. Oxbury Bank, which opened its doors in early February and lends money solely to British farmers, has launched a new ‘Forest Saver’ that will plant trees … Read more
Marcus Bank will FINALLY launch a best buy cash Isa next week after two years of hinting – will it help trigger a tax-free savings war? The bank will pay 0.4% tax-free interest to savers from 6 April onwards It does not allow previous year’s transfers or non-Marcus customers Marcus first hired a Isa product … Read more
Could you get lucky with your savings deal? Three major banks now offer lottery-style accounts – but it may not pay in the long run By Sylvia Morris For The Daily Mail Published: 22:00 BST, 30 March 2021 | Updated: 22:32 BST, 30 March 2021 With interest rates close to zero, a savings account that … Read more
Twins who stole their grandparents’ £8,000 life savings while running errands with their bank card ‘still haven’t said sorry or paid back a penny’ three months after being spared jail Clair and Louise Smith, 25, pleaded guilty to stealing £8,000 from grandparents They were spared jail and not ordered by the court to pay back … Read more
The truth is, there’s no such thing as a single rate of inflation. Everyone will have their own because everyone in the country buys different goods and services from different shops and sellers. The changing price of dog food, for example, is not going to be relevant to someone who does not have a four-legged … Read more
A financial adviser and mother who has saved over $117,000 by following her own financial challenge has revealed the seven steps to boosting your savings fast. Canna Campbell, from Sydney, devised the ‘$1,000 Project’ five years ago in a bid to boost her personal savings and investments. The project requires the saver to break down … Read more