moneysaving

HSBC becomes first bank to agree to delay closure of a last branch in town until alternative banking arrangements are in place By Jeff Prestridge, Financial Mail on Sunday Published: 21:51 BST, 25 March 2023 | Updated: 18:13 BST, 28 March 2023 HSBC has become the first bank to agree to delay the closure of … Read more

Premium Bond savers are set for better payouts after National Savings & Investments (NS&I) raised its prize fund to 3.15 per cent starting from its draw next week. This marks the fourth rise in the Premium Bond prize fund since interest rates started to climb just over a year ago. The latest rise means an … Read more

Savers with some of the very first National Savings and Investments Premium Bonds have won Ombudsman cases, as successful customer complaints doubled. One woman with a 1960 Premium Bond was told she was never the rightful owner, while another customer saw NS&I delete his late grandmother’s Premium Bond and order him to repay £2,500 of prize … Read more

Premium Bonds boost! NS&I adds an extra £80MILLION to the pot from January but can the new 3% rate now beat the top savings deals? There will be more than three times as many prizes worth £100k, £50k and £25k Overall odds stay fixed at 24,000 to 1 but savers more likely to scoop a … Read more

NS&I sees a £600m dip in new savings account deposits… but Premium Bond sales continue to grow NS&I pulled in just £172 million in October from interest-earning accounts  This is less than one-tenth of the £1.8 billion that flowed in during August However, in October, savers still put a further £207 million into Premium Bonds … Read more

Building societies are struggling to cope with a huge demand for new accounts from savers hunting for better returns on their nest eggs. The five biggest societies — Nationwide, Coventry, Yorkshire, Skipton and Leeds — together hold some 90 per cent of the money in the 43 societies. They have all seen a huge increase … Read more

A tale of two cost of living crises: Low earners buy less while high earners keep spending but saving – and one in 20 are borrowing to maintain their lifestyle Around 50% of richest two-fifths have kept buying things they’ve always bought More than half of them have put less cash aside, while a quarter … Read more

Coventry Building Society has launched a new best buy easy-access savings deal paying 2.85 per cent. Its limited access deal jumps straight to the top of our best independent best buy savings tables, overtaking Al Rayan Bank’s 2.81 per cent rate. Savers can open an account with just £1 and are free to deposit up … Read more

Now First Direct’s regular savers can earn 7% – and HSBC lets customers leave low fixed rates early for a better deal First Direct is boosting the rate on its regular savings account to 7%  HSBC is upping two-year fixed-rate deal by 1.25 percentage points to 3.75% HSBC’s 12-month fixed-rate Regular Saver interest rate will … Read more

Products featured in this article are independently selected by This is Money’s specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence. Savings platforms are arguably becoming the best place for savers, both in … Read more