moneysaving

NS&I boosts Premium Bond rates: Millions of savers will FINALLY see the odds of winning a monthly prize grow – after four Bank of England rate hikes NS&I will increase the Premium Bonds prize fund rate from 1 to 1.4% from June Odds of each £1 Bond number winning will go from 34,500 to 1 … Read more

When WILL NS&I raise savings rates? It hasn’t improved some deals for six months – despite four base rate hikes since December Premium Bond prizes have been frozen at 1 per cent since December 2020  Its green three-year bond pays much less than savers can earn elsewhere  Its Direct Isa pays just 0.35% compared with … Read more

Four in five easy-access savers still keep their cash in accounts paying less than 0.1 per cent interest despite rates increasing at the fastest pace in a decade, new data has revealed. Although the average saver could net £176 in a year by switching to the best-paying account, many are yet to take advantage of … Read more

Savers can finally earn interest of up to 5 per cent – several times higher than at the start of the year. But you must be smart, not rely on high street banks and use tricks to maximise interest you receive.  Some savings deals are improving, but rates are not rising across the board. As … Read more

Banks slammed by savings experts for treating customers with ‘scornful disdain’ following failure to pass on latest Bank of England base rate rise By Toby Walne, Financial Mail on Sunday Published: 21:52 BST, 14 May 2022 | Updated: 10:00 BST, 15 May 2022 Greedy high street banks have been slammed by savings experts for treating … Read more

Interest rates are quickly rising as the Bank of England tries to calm rampant inflation, interest rates are quickly rising. But despite four successive hikes, savers are still waiting for a fair deal. The base rate now stands at 1 per cent, the highest for 13 years. Yet analysis for Money Mail today lays bare how … Read more

The best one-year fixed rate savings deal has hit 2.26 per cent but one simple trick enables savers to do even better. Savers depositing £10,000 or more with Aldermore Bank’s 2.2 per cent deal, via Hargreaves Lansdown’s savings platform are eligible for at least £20 cashback. This means someone putting £10,000 into the account could effectively … Read more

The competition between major savings platforms has intensified meaning an array of sign-up bonuses on offer that boosts regular rates and makes them clear best buys. For example, Hargreaves Lansdown has launched a ‘cashback’ incentive aimed at enticing savers to sign-up and use its savings platform. The incentive allows savers using its Active Savings Account to … Read more

Top-paying regular savings deals make welcome return – but beware the small print: Rates can plummet if you access cash early or withdraw too many times First Direct has raised the rate on its account to 3.5 per cent  If you put away the maximum £3,600 you could earn about £68 in interest  NatWest and … Read more

Lifetime Isa savers face penalties after house price surge as cost-of-living crisis bites For every £4 you save into Lisa, the Government will add £1 up to £1,000 a year If you save the maximum £4,000 a year, you get a £1,000 bonus each tax year  Rules state you won’t qualify for bonus if first … Read more